Mobile home plus two lots

[Logan Marienau]

Hi Everyone,

Trying to find my first property and there are very limited numbers available in my area. Northwest Colorado. I found a 1972 Mobile home with two lots. The mobile home still needs to purge it's title but sits on 0.4 acres and then a vacant lot on 0.36 acres. Utility hook ups are right there and the vacant lot's tap fee is already paid for. That's roughly 13k-14k in my area.

The total property is listed for $230,000. I believe it can easily rent for $1500 and could possibly rent for $1800. I've talked with two banks already. One is referring me to one of her colleagues and the other bank said that they wouldn't be able to finance it and said most banks wont finance it because of the age.

The actual mobile is a double wide with an added addition and a new metal roof. It appears they added more to the exterior wall too. The interior isn't in that bad of shape just cosmetics mainly. If I do proceed with making an offer I will definitely get it inspected.

What are you guys' initial thoughts on the property and where would I be able to finance this?

Thanks!

Logan