Example: $500k home sales price, typical buyer agent commission of 2.5%, meaning buyer agent commission is $12,500.

There are not a lot of comps and sales as of now but more are being built so time will tell with your ROE.

The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

One of the things to watch out with mobile home parks is the increase in lot rent.

The shorter the prepayment term has an impact on increasing the rate.4.

I’d suggest negotiating the furniture into the sale and then slowly swapping pieces later as you personalize the space.

Undoubtedly, your involvement has lead to increased business funneling to Obie...Two questions:Does Obie insure free-standing mobile homes (without land)?

In the next 4 years my income will drastically increase, but I don’t want to wait 4 years to buy another property that will be an investment.

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

Here's the problem: They are not a sustainable asset for most to own; they are difficult and costly assets to exit through a sale; if you achieve favorable refinances, you may be able to use those funds to buy other (hopefully better assets) but are now faced with operating highly leveraged bad assets.