[landlord US-NC] Considering a mobile home park purchase

Currently own 2 properties and I’m aiming to grow my portfolio.

I have an opportunity to purchase a 9 unit landlord owned mobile home park.

Rent roll is $7480. Purchase price 550k.

Cashflow would be ~2k per month. It sounds like a no brainer but I keep second guessing myself.

8 of the 9 tenants are m2m.

I have the rent roll, previous 2 years of expenses, tax and insurance information. All the homes are from the mid 90s FWIW.

Given this information, would you move on it? What other information would you request?

reddit.com
u/Puzzleheaded_Fish199 — 3 days ago

Do I need to wait 12 months to downgrade?

Current vanilla platinum holder— I just picked up with Schwab platinum. My AF for my vanilla is in August. Do I need to wait for that to hit to downgrade to gold or green? Or can I do that now?

reddit.com
u/Puzzleheaded_Fish199 — 1 month ago
▲ 7 r/tcltvs

What size should I go with?

I’ll have ~12 ft from couch to TV

Checked out the 85” but really want the 98” for no other reason than when football and basketball is on.

Is it worth the extra money?? 😅

reddit.com
u/Puzzleheaded_Fish199 — 2 months ago

Platinum to Schwab platinum

I’m considering switched to the Schwab platinum card…anyone regret it? Or love it?

I plan on using all my same perks, I ended up with ~$1300 in benefits this past 12 months. I just don’t use the actual Amex points. They just sit.

reddit.com
u/Puzzleheaded_Fish199 — 2 months ago