MKyz
New Contributor
My husband and I are looking into purchasing some land that has 6 mobile homes renting spaces for $175/month and currently there is one open space. The purchase price is $120K and I don't anticipate taxes and insurance to be more that $200/month.
What type of interest rate can we expect on this type of loan and how much would we typically need to put down?
All thought provoking questions are welcome. Just wanted to throw this out there to see what type of responses I get from all you seasoned investors. Thank you.
What type of interest rate can we expect on this type of loan and how much would we typically need to put down?
All thought provoking questions are welcome. Just wanted to throw this out there to see what type of responses I get from all you seasoned investors. Thank you.
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