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Have completed hundreds of transactions as an investor since 1991. Although I live in Georgia, I currently have a small mobile home park in No. Missouri with a few vacant lots.For the right investor, I would consider a few 'Lonnie' deals for investors to raise some lot rent income. If you do not understand, you can buy an inexpensive mobile home and move to one of my lots. Sell the home owner financing (you are the bank, no toilets to fix as the occupant is now owner) and your customer would pay me lot rent (mobile home owner would be tenant for lot only).If you pay $4k for a home, delivery, and set up and sell for $500 down and $200/month for 5 years, your yield would be 65.78% on your net $3,500 left in the deal. This can be done inside your IRA. Note that if your IRA Trust Document does not provide for such an investment, you can easily do an IRA Rollover into another institution where their Trust Document provides for such an investment.Currently, there are no restrictions on vintage or size of home. Also, for the right investor, I would consider owner financing the entire park. It has 9 lots developed on one acre and 2 undeleloped acres which could accommodate another 18 lots. Also would consider partnering with the right investor with verifiable resources.I can be reached through this website and will respond within 1 day of being contacted.Thank you for your considerations.
Hello, looking for cash flow properties in Kansas City MO. We usually buy Seciton 8 homes. please contactt me if you have any