All Forum Posts by: Nathan Stanke

I am new to real estate investing and was wondering if someone could help. What does it mean when someone says it’s an assignment deal?

Curious to know if anyone could help me out. We are looking into a park and there are 16 vacant lots. Is there a website you can go to find mobile homes to purchase in the area? What is the average cost to get a home on the lot? Thank you in advance for any help in this situation.

I am looking to purchase my first park and turn this into my new source of income. I can across this park in Dayton, Ohio and have been in contact with the broker. Potential of fill 40 lots. The park currently has 12 park owned homes and grosses 6,370 a month. There are 11 vacant lots, 14 undeveloped. Looks like there are 3 other homes on site needing rehab. Park has septic and city water. Water is master metered and park is currently paying the water. Asking price is 439,000. I believe asking price is a little high but this park has a huge upside. Just looking for some advice from more experienced buyers if this is a good deal to look at.