Hello all!
I am looking for ideals on the best way to put together a deal.
In Port Orange Florida property values are high. There is a mobile home subdivision that some are rented lots and some are with lots. I fisbo wants to sell a one bedroom singlewide with a 56x100 lot for $55K. Last yrs justed tax value of the land was $25200. Total tax app is $39,900.
The home is a 1966 with a car port. Now it is free and clear was his grandmothers, So I think I could get him to owner finance.
- Would it be better to keep the land an sell the mobile home, charging lot rent?
- Or to owner finance or L/O to someone else for a higher sales price?
My thought is to keep the lot because of the land value.
I would appreicate some in put.
I a meeting with someone today on another house that is larger due to adding on with land he wants $150,000. That seems high, but these things are selling.
Thank you all. 
Denise
Denise, Have you had any success with this?
trailer home actual value depends on the area and the demand.
BUT
I would find someone with a low credit score that keeps them from buying and do an owner-fi, raise the price and the interest. They should jump at it because this is the only way they can buy.
Sincerely
BTS_INVESTOR
I have some things you might like! kevin@commercialreturns.com
Thank you all for responding. I was told that you can not insure a mobile home that is over 10 yrs old. If you can not insure it, what exactly do you do?
Can I get owner financing and then owner finance it out or will I need to find a hard money lender?
I did put a contract on a 140X145 lot and I have 10 days to move it. The lot is in Port Orange Florida 7 min form the Daytona Beach. There are not hardly any lots left. Last lot sold in Port Orange was for $139,000, I am asking $129,000.
This was a big step for me, but I did it and gave myself an exit plan.
Thank you all. 