There are 9 Mobile Homes which are mostly 1990s, and only 4 are currently rented for a total of $2650/mo, 3 vacant,the remaining 2 need to be repaired, and the last pad is vacant. 3.4 Acres, city water (master meter), septic tank, and individual electric.The deal financing was $200k, $30k down, 6% interest, for 10 years.I know the unofficial formula is lot rent x # of units x 12 x .6(owner pays utilities) or .7(tenant pays utilities) x10 (CAP). then you add in the wholesale price of the mobile homes to get to your priceWe are planning on renting the land and home as a package deal.

Rishel Consulting Group conducts such audits and our auditors have observed a variation in the level of understanding on the part of our clients regarding, among other things: § the comprehensiveness of the AML Program, what information requires a SAR filing, § the obligation of filing a SAR in a particular instance, how and when a SAR must be or should have been filed, and the extent to which employees are adequately educated in Bank Secrecy Act mandates.SAFE HARBOR There are some features of filing a SAR that have stirred controversy and provoked litigation over the years, especially in the areas of the “Safe Harbor,” limitation on liability, and notification to the suspect of a subject SAR being filed.

So, hopefully, your cards are spread out amongst Discover, Chase, Wells Fargo, BOA, Cap 1 etc...The pro's of using credit cards are all you imagine Easy AccessUsually deposits within 10 days of requestLow cost (mine are 2-3%) for 15 or 18 monthsThe 2-3% fee is rolled into the balance, so I don't really even pay that up front.The cons I've found to be as follows:After about 40 days of cashing checks, my credit score drops about 50-75 points and it takes 4-6 months for it to rebuild after the balances are paid.

If your net proceeds are $125k, verses say $118k acquisition, only a $7,000 cap gain, taxed at 15-20% depending on your income.  

This is one of the more powerful features of permanent life insurance.

Any advice on lenders would be much appreciated. sorry for my lack of experience posting but i'm learning:) Thanks Kyle8181 Wickson Ridge Commercial rental2 - Metal Buildings approx 8400 sqft Each8 - Units approx 2100 sqft each.50-.75 per sqft of rents ($1200.00 per unit)Costs For building (based off my High Quotes) - $100,000.00Parking lot - $50,000.00Septic System - $15,000.00Electrical - $20,000.00Metal Building - $100,000 Delivered ($50,000.00 Each)Concrete and flat work - $128,000.00Land - $36,550.00Install Building - $10,000.00Concrete Water Drainage - $36,000.00 (optional has to be approved by developer and neighbor)Unseen cost - $20,000.00Total$415,550.00Rents per month$9,600.00ARV with typical cap rate(10%)is $860,000Loan Payment with tax and insurance$3,000-$3,600

I know the rental analysis methods (determine NOI, cap rate, COC) and I know the typical flip equation (ARV minus repairs X 70%).

I'm not sure exactly what repair or Cap expenses should run, but if that's accounted for then looks like a good deal to me! 

REI can be done with little to no money down its creative financing there is no right way to do it, put on your thinking cap and network you have plenty of resources to use (a good deal always finds funding)

I now have someone who may be willing to buy at an 8 cap from us.