Financing Terms

General Real Estate Investing
1

I am a pilot for an individual who does Commercial RE. I have been wanting to tap into the Mobile Home Park side of it for some time now. I’ve been talking with my boss about it. He found a park that he’s interested in. He told me that if he wanted to be partners, he would provide the cash, and I would do management or whatever. He told me to think about it and let him know what ‘terms’ I want. I’m not sure exactly what normally happens in this process. If anybody can give me some ideas or explain further, it would be greatly appreciated.

Regards.

2

Get experience. Talk to an existing mobile home park owner. Then decide.

3

property management rates often hang around 10% of rents, depending on your area. check with local prop mgmt companies about their rates and determine if you can live with it.

4

Hi I don’t know nothing or a little about mobile homes. “property management rates often hang around 10% of rents” My point is that, suppose it’s 10% then is it good or bad? Thanks in advance.