RV Park Seller Financing
I have an Opportunity to buy an RV Park that is 1 ac. It has 10 lots and currently 4 are rented for a total of 1275.00 a month. I have to pay 400 a month (generally 100 a month per RV) for electricity during summer months but not so much for the other time. Water is 30 a month and garbage 80 a month.
Seller will finance at 6% for 5 years. 40,000 with 10,000 down.
My question is are there closing cost associated with seller financing.