30 homes good deal or not - Posted by Tim

Posted by brad on July 11, 2002 at 08:15:55:

sounds to me like he has read the books. yes you need more information,why or if he is motivated, area vacencies, how are his numbers in relation to the area for empty homes., type of financeing. are they spread out too far to make management effective? the list goes on but you get the point. sounds like he is wrighting your biz plan for you. he is giving you an in and an out. unless he is a generous person that feels some reward for helping you succeed the look it over real close.

30 homes good deal or not - Posted by Tim

Posted by Tim on July 10, 2002 at 20:34:45:

I’ve got an acquaintance who has 30 mobile homes for sale at 7K a piece. He wants to keep the lots and wants to know if I want to buy the mobil homes and take over rent or lease optioning them. The current price is between 350 and 500 per mh. Off that 125 dollars would go to him for rental of the lot. Any ideas whether this is a good l/o situation or do I need more info, i.e. how much are the homes worth.