Lighting Strikes Again! Seller Finanicng 0% Down, 20 year amortization, 10-year Bal.
I tend to get frustrated when I keep telling people that you can buy large multifamily with 0% down. I just put the MHP below under contract with 0% down, 20 years amortization with a 10-year balloon.
The frustration is because I don't see other investors actively doing this and these sellers and communities need it, badly.
16 spaces, storage parking, storage garage, community office, and potential expansion opportunities. To make this deal even better it is in the middle of my drive to visit other communities I own. (Like a 30-second detour)
Also, this park was on a website like Craigslist, this is the second 0% down seller financing deal I have found from that lead source.
