Mobile Home Investing Using OPM?

Posted in Mobile Home Investing
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  • Taylor T
    February 23, 2018 at 11:45 am
    Taylor T

    Hi guys,
    I wanted to see if I could get some input. I’ve got a few friends who may be willing to fund some mobile home deals I am looking at and I’m trying to see what some good repayment terms would be to use them as private money lenders? I am looking at mobile homes in parks I could buy for around $5k and sell for around $20k with owner financing for 5-10 years. Total cash flow per unit after lot rent would be $250-$450 per month plus maybe $1000-$3000 down payment that could be split.

    What could be some good repayment terms I could offer them that would be mutually beneficial?

    Thanks for the input!

    DON WEDE
    February 23, 2018 at 3:48 pm
    DON WEDE

    I would ask them their expectations. How soon do they want it back and what type of rate of return do they expect?

    DON WEDE
    February 23, 2018 at 3:49 pm
    DON WEDE

    Also the dollar amount they have to invest.

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