Financing for mobile homes for rental purpose
I have a MHP and need to replace a few homes with new ones. Are there any financing options to purchase manufactured homes under a business for the purpose of renting them? Any suggestions on funding would be appreciated.
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The mobile home rental plan is what we are perusing also, except we don’t buy new. We buy solid used units at a good price and remodel. (1980 or newer) With mobile homes the roof and floor are your major pain points. We do treated plywood or tongue and grove OSB (3/4) We also replace the water lines and add a metal roof with overhang. All this for a fraction of a new unit with no overhang and suspect sub flooring. Additionally the pad has to be raised and slopped to remove the possibility of standing water.
Hope this helps!
Hope this helps!
