5 deal in one - Posted by Randall

Posted by Jim Schad on August 27, 2003 at 10:00:01:

Is the $225/mo just for the lease period then a baloon/option is due in 5 or 6 years?

Just taking the $225/mo in consideration equals about $1125/mo for 5 or 6 years. If you pay $25K for it that gives you about a 50% yield.

Now consider if they can’t come up with the balloon…you could carry the balance again and increase your yield.

Or if they default you can resell. I am doing this now and it is a pain, but the numbers say it is worth it.

5 deal in one - Posted by Randall

Posted by Randall on August 26, 2003 at 24:00:20:

I talked to a friend today that wants to sell me 5 mobiles in a park, All 5 are L/O and bring in $225 each with an average of 6 years left. Thats $66000 over 5 years. Asking price 25K taxes paid or 20K I pay taxes. What do ya think?