First Lonnie Deal in Progress / Experts Help Please
1/1 MH
Lot rent 525
My price 2K
Target Sale Price 4K 500 Down
The beauty of this deal is the owner is willing to "float me" the home. Meaning I don't purchase the MH until I have it sold.
I have several interested parties coming to see it this week.
I need help with Logistics, if I do have a sale what are my next steps.
I have read Lonnie's book and have a good idea of what to do, but would love to some help from the experts.
One other notes, i have am looking to sell for 4k with 24-30 months payments. For the 30 month plan i would like to get a monthly payment of 141.66. How do I back that out with an interest rate attached?
Thanks in advance guys!
Neil
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