Re: Need some guidance - Posted by Ernest Tew
Posted by Ernest Tew on February 24, 2001 at 17:00:26:
Greg, people in the business of selling mobile homes charge interest rates ranging from 11% to 18%. We have charged 14.5% on most of our sales. I believe Lonnie charges 12.75%.
What matters to most buyers is “how much down and how much per month.” You are getting a few hundred down, aren’t you?
If there is a gain or taxable profit on the sale, you might want to consider a Lease-Purchase arrangement in order to pay taxes as the money is received.
If you would like to have a copy of the Net Lease and Option forms we use, please advise and I can e-mail them to you.