Would this be a good investment? - Posted by batpro
Posted by batpro on June 05, 2007 at 20:45:59:
There is a 1978 single wide on a city lot with a newer two stall garage. This home appears to be in a really good shape. This little city has a unique city utility arrangement. Water, sewer, garbage is only $100 per year!
The asking price was $29,000 but it has been on the market for 9 months and now the price is $24,000.
I am thinking of offering $15,000 and see what happens.
I coudl rent it for about $500-$550 a month with tenant paying everything.
OR would this be a good one to owner finance? I could buy it with equity from another property.
Any ideas on how to make money with this one?