I have been doing rental in my park owned homes, and tried something new this time around, but old hat to many of you. I did a net lease with option to purchase on a 1990 16 x 80 2 bed 2 bath(as is–fair condition) under the following terms:
$17,500
$700 down plus 1st months rent
$415 per month
7 year am.
I am excited about the triple net aspect of the lease, and I am going to move all 15 of my park owned homes into the same type deals as they turn over. Any feedback/advice from the many who have been doing these for a while?
Thanks,
Royce