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Re: Investing in a trailer to rent out
by Frank
on July 1, 2018 @10:47
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The above advice is faulty depending on the location and surrounding housing cost around this trailer park. You should check with a local Realtor about the rents and the quality of renters. Is it in commuting distance of any cities like Tampa?
I mean if I bought this trailer on my credit card for 9k and paid the lot of $450. there's be a decent positive cash flow and have my card paid back fairly soon.
Also see how much improvement work is needed on the trailer itself. There's not much to a trailer, but most of the money will be in Kitchen/appliances Bathroom Windows
After you do your homework, you may find a decent deal, but you will probably have to put a little more money & work into it. One other thing: You will have to screen tenants very carefully!!! You don't want the same kind of tenants who just got evicted!
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