Creative Financing using a bank to buy a mobile home park

Real Estate Deal Analysis & Advice

Creative Financing using a bank to buy a mobile home park

Logan Pritchett

Member since 2024 · 12 posts · 10 votes

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $1,150,000

65% bank and 35% Seller Financed in second position. Got paid 10k at closing. 35 unit mobile home park.

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Cliff BennerBusiness Member
Accountant · Denver, CO · Member since 2020 · 392 posts · 183 votes
1y
Did you use a local bank that agreed to a Seller Carry in second position? Or how did you find that bank?
Benner Stride52 Reviews
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
1y
@Logan Pritchett looks good!
How many lots occupied and what were the lot rents?
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The Moorhead Team5139 Reviews
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