
Originally Posted by
pinups4
exactly all of my rent to own properties are based on typically a 15% annual interest rate + in the case of mobiles I actually triple what the unit cost me
For example if the mobile home cost me 5000 dollars to buy and fix then I'm probably selling it for 15 or 16 plus an interest rate of 15%
now since some buyers are more savvy they don't want to see 15 percent then fine I drop the right to 84 sent and extended the term so that my return is still substantial
owning dirt is always preferable to owning metal owning both is best I actually entered into my own rent to own agreement today to buy an 18 acre parcel with a 35 spot mobile home park on it
Bookmarks