All Forum Posts by: Andrew Roberts

Hey BiggerPockets family as the title states I have a potential resident that wants to sign a 6 month lease and pay for the entire period up front the property is a single family house. I’m open to all advise , opinions and experiences or concerns.

Update!! I did not move forward on the deal 150k purchase price of which 50k was a assignment fee the current owner is trying to sell it solely based on future value. I will let this deal simmer for a few months and revisit it later if available. 

Thanks for all the help and insight the pursuit continues!!!!!

I am looking at a potential mobile home park purchase and would love some input on the deal. It has 17 lots sitting on about 2 acres. Lot rent is $200-$300/month, currently 9 are filled. The sale would come with 5-8 vacant 60’s 70’s mobile homes. The asking price is $150,000.

I'm thinking we could provide proper management for the park and possibly renovate the existing vacant homes , it is a fairly decent area. There's also the possibility to add a few units. Currently on a septic.Owner is saying expenses are about $7000 per year +/-. Not sure about owner financing yet, but I think we could make something work. It's definitely not pretty, mostly older single wides and stuff everywhere! I would definitely be adding a boatload of value bringing this park back to glory. 

LOL I’m with Terrell!

Dancing the money dance all the way to the bank!!!

Paid rent! check! 
Paid late! Double check!