Posted by Tony Colella on June 06, 2007 at 04:27:47:
If the land comes with it, it looks like a deal I would pursue. I would want to know the traditional due diligence, especially due to the age of the home. Can you replace the home and what are the costs and steps to do so?
Tony
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?
Re: Would this be a good investment? - Posted by rise2it (VA)
Posted by rise2it (VA) on June 06, 2007 at 18:31:38:
“Water, sewer, garbage is only $100 per year!”
Okay, could you please share what town and state this is in?
I’d never interfere with your deal, but I may want to move to this town myself !