Need a partner for great cashflowing mobile home park

[Josh Stoner]

Hello BP Community,

I am looking into this mobile home park and need someone who is interested in helping fund the deal or being partners. I have a pretty steady and great cashflowing portfolio now and just looking to expand into something bigger. Any experience in mobile home parks would also be a plus. If anyone is interested please let me know and I can share income/expense breakdown.

66 mobile home lot at 4.62m , $58,515 gross per month, $702,180 gross per year

High level Info - 

- 66 Lots
     - 65 mobile homes (38 double/28 single)
     - 1 vacant lot
     - 45 of 65 mobile homes owned by seller ; rented to tenant
     - 19 of 65 mobile homes sold on owner financing
- PM / 30k per year ; live for free in one unit
- Owner Financing of the 19 Units in the park
     - 90% on 8-10 yr term
     - 10-14% interest rate
     - Doubles have balance of 40K-50K
     - Singles have balances in upper 20K
     - Random well/septic expense

Total Package Owner Financing Terms (Negotiable)

25% Down-payment
6% Interest Rate
2 Year I/O Payments
30 Yr AM
5 Yr Balloon

Thanks everyone for their time,

Josh