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Updated over 8 years ago on . Most recent reply

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Garrett Reed
  • Houston, TX
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8
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Mobile homes, splitting land and taking the leap.

Garrett Reed
  • Houston, TX
Posted

Hello BP community, I've never made a real estate deal but have found myself recently obsessed with it. Im using this post to test the waters on how powerful this medium is.

I found a property that grosses 3200 a month from 12 mobile homes, 4 of which are owned by the property. The property also comes with 20+ acres of land. The mobile homes seem to take up a very small portion of the 20+ acres but the deal is for both the land and the mobile home rentals. 

I thought it may be a good idea to buy the property with the intention of selling the bulk land off as quick as possible in order to keep the mobile homes as cash flow. I see a risk in not being able to sell the land quick enough. I don't believe the property would cash flow otherwise.

I am interested in the possibility of getting an offer in hand for the land before even considering the purchase. Is this possible?

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