Private Lending & Conventional Mortgage Advice

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Joseph Gray
  • Rental Property Investor
  • Lenoir, NC
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Where Can I Find $100K For Mobile Home Park

Joseph Gray
  • Rental Property Investor
  • Lenoir, NC
Posted Dec 9 2019, 15:43

Found a mobile home park which I would love to purchase for the estimated cash flow and low liability.

It's land only with lots divided out and 8 mobile homes in the park.

The seller is renting them for around $150/Month, but I think they could easily rent for $210/month or more ($1,680/Month).

The seller is asking $100K, but I feel she may accept less. I don't know how to go about finding financing for this deal as I'm a little cash strapped right now with another home. Any ideas/advice would be absolutely appreciated! :)

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