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Updated over 2 years ago on .

User Stats

98
Posts
27
Votes
Sean Hayes
  • Real Estate Agent
  • Athens, GA
27
Votes |
98
Posts

Purchase Brand New park? POH or TOH

Sean Hayes
  • Real Estate Agent
  • Athens, GA
Posted

Hello,

I am currently redeveloping a park and we are debating whether or not to sell it with park-owned homes are TOH. What do you think is the better offering to a prospective buyer? This would have 8 3/2s brand new. The estimated rent would be 1k per month if we sold as POH, the estimated lot rent would be $250. 

This is not taking into consideration the owner financing the homes as we will most likely be using the 21st mortgage to finance these.