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Updated almost 14 years ago on . Most recent reply

Scott C.'s profile image
Scott C.'s profile image
Scott C.
  • Rehabber
  • from Wilmington, North Carolina
  • Member since Sep 22, 2009
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23
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Scott C.'s profile image
Scott C.'s profile image
Scott C.
  • Rehabber
  • from Wilmington, North Carolina
  • Member since Sep 22, 2009
Connect
Scott C.
  • Rehabber
  • Wilmington, NC
10
Votes |
23
Posts
Tax Liens & Mortgage Notes

NC Mobile home Interest Rate ???

Scott C.
  • Rehabber
  • Wilmington, NC
Posted

What rates are yall using in North Carolina when you sell Mobile homes (Lonnie deals)?I'm trying to understand the NC general statutes regarding setting Mobile Home interest rates. I think I understand, but my interpretation is the highest rate i could set based on GS 24-1.1(c) is 6% higher than the 6 month T-bill. Currently that would mean I could charge about 6% interest right now. Kinda seems low for mobile home investing. Curious what everyone else is charging in NC.

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