I'm working with a seller of a $2.28 million dollar RV Park. We just found a commercial lender to lend for $1.75 million, $200k cash from buyer and the seller is considering taking the rest in the form of a $484k ...
Investment Info:
Mobile home hard money loan investment.
Purchase price: $1,450,000
Cash invested: $2,000,000
Sale price: $2,300,000
Letter for bank financing:
"Dear Debbie,
We would like to ap...
Hi all,We are looking at a parcel of land that has a mobile home on it in a rural part of East Texas, just outside of city limits. Our plan is to buy the land and lease the lot back to the mobile home owner. What is...
Hello, I'm venturing into mobile buy and hold and I have yet to find a lender that would lend on mobile homes...It seems that the requirement is for the mobile homes to be attached. How about if you buy mobiles that y...
Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily...
Hi -
1) is a 7000 sqft retail center possible in 20,952 sqft land (.48 acre)
2) what does it mean by "+/- 10,000 SF Buildable area with an agreement for extra parking area", is it a risk building retail center depen...
We have recently purchased a 5 unit multi family property. 3 of the units are in the rear and there are 2 parking spots. There is on street parking available. The lease states this:
Parking.
Any parking that may b...
Hello BP Community,
It seems like most investors want all tenant owned homes, city water/sewer, and low vacancy. For the beginners starting out, would it be wise to go against the grain and target the mobile home pa...
How much is too much? Haha California real estate is insanely $$ and so I want to make this happen (resi turned into 4-5 unit complex) to aim to not only cover the mortgage, but cash flow and/or pay the property off e...
Hello there,
What would you recommend to anyone interested in investing in mobile home parks? Is there any specific training or education that would be valuable to increase my chances of a positive investment...