My trailer park recently got bought out and they only want to do lot rent now, no more rental units (selling all the rentals) so they are offering incentives to purchase.
My unit is from the 80s, but has been remodeled on the inside likely in the last 10-15 years. I've considered hiring an inspector to help assign some value to the property, especially for areas we don't see normally (underneath, plumbing, wiring)
Rent on the trailer is $265/mo
Listing price is $8,498
Incentives:
- $1000 in renovations of my choice (carpets, appliances, etc)
- 1yr service plan for the central heating unit
I think I can do some negotiations to get the $1000 renovation offer turned into savings on the cost, and maybe get my own signature loan to cover the rest. (unfortunately don't have enough in savings to buy outright)
I'm in college, will be buying it myself and splitting payment with my girlfriend, which we currently share rent.
We will still pay lot rent of $295, and utilities as normal.
I will get the place inspected privately before I consider buying, but on paper, is it worth it? We plan to be in the city for a maximum of 2 years from today, and would consider moving the unit if feasible, or just selling it when it's time, to hopefully turn into a partial down payment when we buy a house in a different city (when I'm in my career)
Submitted March 08, 2019 at 10:32PM by OHMAIGOSH https://ift.tt/2tUTgJ8
