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Updated almost 10 years ago on .

Joshua D.'s profile image
Joshua D.'s profile image
Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
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1,255
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Joshua D.'s profile image
Joshua D.'s profile image
Joshua D.
  • Investor
  • from Columbus, MT
  • Member since Oct 10, 2013
Connect
Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts
Mobile Home Park Investing

Single Wide Mobile... Can't go conventional financing?

Joshua D.
  • Investor
  • Columbus, MT
Posted

I have heard some mixed reports from my bankers this week an wanted to know if BP could shed some light 

We are wanting to buy a 79 single wide mobile home with a lot and a nice 2 car garage. 

My plan is to purchase with an "in house" portfolio loan and then refinance into a conventional morgatage after 6 months just like we did with the last house. 

We will de-title the home and attach it to a permanent foundation. 

Will this work for a secondary market loan?  Has anyone done this with a single wide? 

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