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Updated over 13 years ago on . Most recent reply

Robert Burns's profile image
Robert Burns's profile image
Robert Burns
  • Wholesaler
  • from Baton Rouge, Louisiana
  • Member since Jul 21, 2008

User Stats

471
Posts
97
Votes
Robert Burns's profile image
Robert Burns's profile image
Robert Burns
  • Wholesaler
  • from Baton Rouge, Louisiana
  • Member since Jul 21, 2008
Robert Burns
  • Wholesaler
  • Baton Rouge, LA
97
Votes |
471
Posts
Mobile Home Park Investing

Mobile Home Pipeline

Robert Burns
  • Wholesaler
  • Baton Rouge, LA
Posted

I'm working with a mobile home park owner on a series of mobile home deals. I have purchased 1 MH and working on 2 more. My goal is to have 6 by year end, $2,400/mo passive income.

Overview of the deals:

Mobile Homes: Used 3 bd 1 or 2 bas
Condition: Totally renovated, set up, skirted and tied down. Central Air/Heat.
Price: $15,500
Rent: $600 - $700/mo,tenant in place at purchase.
Lot Rent: $195/mo
Tenant pays utilities,
Funding: Self directed IRA

All MH's will be in the same park managed by onsite manager/owner.

Any comments?

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