$4 million for 54 unit mobile home park at a 6.45% cap rate, anticipated to increase to a 7.04% cap rate within the next year. 

Being in favor of Mobile Home Parks - I know that if I had a million to invest, I would look for a nice quiet senior MHP to invest in!

Whether it is a sfr, apt or a mobile home always strive for a 3bed/2bath or more for what you buy.

They each have $3000 for a down payment but one has a 595 score and the other has a 604.One of the clients already lives in a mobile home park(riverside) and inquired about buying a mobile ($9,999) from the neighbor.

I used to like to stop in and say I am offering financing on mobile homes and, this would usually get me to the owner since financing is hard to come by.

I currently own a mobile home park for the past 7 years - have managed/live on site.

We'll also find advertisers that want to place mobile ads on your website.

TD stands for "Trust Deed" or "Deed of Trust," which is basically the mortgage on a piece of property (mortgage is an old term; TD is the modern-day equivalent).First TD (which is what is implied here) means that if the borrower defaults, they are first in line for the collateral (i.e., they get the house before anyone else who might have lent money).10-12% is likely the interest rate they are paying to borrow the money.Points is a percentage of the amount borrowed paid up front by the borrower.Possible equity share means that the lender may get a portion of the profits, in addition to the interest on the loan and the points paid upfront.So, basically what this is saying (assuming the person speaking is the borrower) is:"We borrowed money at a 10-12% interest rate and the lender is first in line to get the house if we default.

I have worked with rehabbers, mobile home dealers, small lenders, developers and other investors, all over the country, that use Seller Financing as part of their business.

Now the Mobile Home thing just got exposed to that this weekend.