I own shares ($35,000) in a mobile home community (empty lot) in Tampa, Fl; I am in the process of putting a home on the lot and need help knowing how to finance the deal.
Do I pay for the mobile home with cash and then refinance?
Is there a way to use my shares to pay for the home?
I also need some help with the smartest exit strategy;
Do I flip the whole project?
Do I rent it out?
Do I seller finance it?
I am looking to make the smartest financial decision here. I've never dealt with a mobile home or a co-op style real estate investment.
Property Manager · Denver, CO · Member since 2020 · 12 posts · 3 votes
5y
@Kimberly Costello Hi Kimberly, my father & I are 2nd & 3rd generation mobile home park owners in the Tampa area. We would be interested in possibly purchasing this from you in the near future (or whenever you decide you would like to sell). Feel free to shoot me a message so we can discuss further.