All Forum Posts by: Levi Edgy

it’s a mom and pop deal they   literally have not raised the lot rent in 15 years

Their Son is selling it 

I was in Negotiations with them but backed out after getting your guys advice 

Thank you to everyone that replied  

@Ryan Groene Not sure the type of waste treatment,it looks like a concrete pond in a fenced off area Looking at the profit and loss statements for the past 3 yrs the park total expenses avg 387.00 per month That’s water/sewage and trash pick up , trash is 125.00 per month so I don’t really see the big expense I understand IF the system goes bad it would be expensive but it’s 10 yrs old so I Assume it has some Longevity left

Let me start by saying this will be my first deal with real estate investing 

I am looking at a mobile home park with 18 pads and 1 house

13 pads are rented so is the house

All mobile homes are tenant owned

The park is on a community  well and water treatment system 

Owner pays water/ sewer/ trash ,and any repairs for house

This sets on 4 acres

Asking price 180000

Gross cash flow 2000.00 per month