Originally Posted by
t00nces2
Ok, I can not rent it year round for that amount and I don't want that hanging over my head. I could get that for maybe 4-5 months and it would probably sit empty the rest of the time. It would just be an alligator that would eat lot rent at best. I am looking into a couple others I may take a stab at.
The other thing is they can come and raise the lot rent or the roof can go or the floor. I would be on the hook for appliances or windows or anything else that could go wrong on a 50 year old trailer.
Ah, gotcha. That does make it less of a deal.
4 months of rent at $897(1500-603)/profit/month = $3588 profit.... but taking out the 8 months that it wouldnt rent that you are paying lot rent on it $3588-$4824= $-1236/yr (and thats before taxes or anything going wrong that youd have to fix).... so yea in that case it was good to sell it.
Seems like lot rent is the real killer here... gotta buy some land and put the trailers there lol
Theres always a catch lol
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