I am looking a park that has RTO. Like to know about return on investment ? when mortgage paid off after 15 years,considering Rent on Park remains same.
That’s the main problem imho. As homes are paid off, income goes down but the park payment stays the same. Park owned homes have little value, again my opinion. One exception might be is if the seller financed the homes separate from the park, two loans. The home portion of the mortgage could be structured to address this problem. Again, one persons opinion.
thanks for answer but want more clarification on two loan and the park payment stays the same.
There’s a lot more to it than that. I’d strongly suggest the boot camp then it’ll come into focus better.