Mobile homes subdivision
A seller I found through direct mail owned 21 acres of partially developed land , there is one single wide mobile home renting for $475 , there are 4 modular homes 4 beds 2 baths need about 5k to get them rented at $800 each projected income $3675 after the modular homes are ready.
There are 4 lots ready for mobile homes to go in and 11 others that were subdivided and approved before but the approval expired because the owner took too long to start de development but it can be applied for again. Asking price is $305,000
How do I finance this if owner won't do seller finance?
Is there a market there for a mobile home park? In addition to the purchase price, you'll need a wad of cash to fix things up. Maybe need to find a partner.