All Forum Posts by: Robert Gresham

The purchase includes the land. It is actually located on .43 acres in a community with houses and mobile homes.

Hello all, 

I have recently found out about a property (mobile home) that has been owned for 19 yrs or so, by a family member, is available. I could acquire this home for 34k which is what is owed. Looking at the market in this small town the rental is anywhere between 800 - 1000. The mobile home needs some work to fix up (approx. 5-8K) but it is located on a canal with dock. The taxes are only $400 a year and insurance is $520. At this time it seems the value of the property is 60-70k. I am just looking for some experienced advice. I have a few ideas about funding but would like to hear about your ideas and what might be the best route. Based off the info provided would it seem this is a good deal. I have ran it through the rental calculator and found it to be pretty good on the cash ROI and income but being new, I am probably missing something. I appreciate your help and advice provided. Let me know if there is any other information needed to provide feedback.

Thanks,

Robert

Hello all, I am a military member in Homestead, Fl. I am looking to purchase a property to renovate and rent out. Not sure if anyone is interested in possibly partnering or providing short term private financing. If so please let me know. I appreciate your time and help. Robert Gresham