All Forum Posts by: Lewis G.

@Alex Deacon.  Thanks for the advice.  I'll check with the mobile home park about renting out a home in their park.  As far as financing, I'm going to see if the seller will carry.  Maybe I'll propose a partnership or something where I can help the owner(s) pay if off by getting the property rented for them.  I hadn't thought about holding costs.

Thanks,

I'm thinking of buying a mobile home as an investment, it's for sale by owner.  The seller is asking $50k for the home.  The current mortgage is around $500/mth and the lot rent is another $500/mth or so.  In total the payment for the home is just under $1100/mth.  I'm trying to figure out a clever way to acquire this property that benefits both the buyer and I, looking for a win/win situation.  I don't really want to finance this myself if I can help it.  The property is a 3 bedroom, 2 bath home.  Another property in the same mobile home park is renting for $1495/mth.  Does anybody have any suggestions?  Is this a good buy?  Looking for suggestions or advice on how to acquire this property.

Is this still available?