Larry - Trailer park Your journey as an investor? Forestry operation, bought one then another one How did you buy the first one? Financed it, Credit Union 25-30% down, then Scotiabank 30% down $205, $225 $185, $205 $400,000 of mortgage The people pay: 5%, put it out at 10%, less than rent, own it after 20 years Contract: $1,500 down, rent to own contract The second one? Went to the bank? How do you collect the rents? Cheques, cash, e-transfer, has manager running rental applications, eviction: $25/hour Have you ever brought trailers in? Do you then sell the trailers? For my park, 6 months notice: in November for May: $140, $120 if paid on the first Second one went to receivership: water, sewer work Always look at frame and structure before you put money into it unless it is livable Always bring someone as a witness if you go inside a property Do notice Find tenant to sell their home When you buy a new trailer: 2 or 3 bedrooms, $100-$150/m...
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