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Updated over 5 years ago on . Most recent reply

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Eden Lutchmedial
0
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5
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Wholesaling This Mobile Home

Eden Lutchmedial
Posted

Hello All,

I would like feedback on how someone would go about wholesaling this mobile home:

This home in Florida is in a community, the lot rent is 800 and is being rented out by the current owner to tenants for 1200/mo (month to month lease). Whoever purchases it will cash flow 400/mo. 

The home is on sale for $9,950, not including the land. For an investor looking for cash flow, would there be any drawbacks knowing they aren't purchasing the land? And are there any other concerns as a wholesaler about this potential deal such as processing through the title company/DMV etc.? I just want more insight on how this would be executed if put under contract.

Thanks :) 

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