financing for used mobile home

[David Bailey]

have an opportunity to buy good condition used mobile home with half an acre of property. wanted to set this up for a rental property with lease to own.have a young couple who wants to purchase but they're having trouble finding financing as many financing companies will not loan for used mobile home. does anybody have a lead on a company who does finance used mobile homes in Louisiana?

[Curt Smith]

I moved from doing B class rentals in top high schools, to 100% double wides on their own land, but MUST be near or in a small town and near a major freeway for jobs.

I only do, never deviate from, 12 months rent to own, with optoin contract and option fee at $1500, just can't more from this type of buyer, then seller finance into a note after 12 months. I follow Dodd Frank, take home's deed into my personal name or wifes or SD-IRAs, never an entity (Dodd frank), use a licensed loan originator and qualify and full doc to 43% DTI or better.

Great business model.  Our cap rates run 25%++.  Never rent these things!!!!!!!  Keep the note, trouble free cash flow for 12-14yrs.  Why in the world would you rent a mobile home?