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Updated over 7 years ago,
Getting Started in MHP - Seller Finance
Hi all,
newbie trying to get started in MHP investing. I have been reading and learning as much as I can via books, forums, podcast, etc but I am stuck on the one thing that is stopping me from getting started - Financing
I'll be honest - I don't have the downpayment, I only have a HELOC that I could use in the range of $200k - $250k.
My goal is to generate income of 2-3k/mo.
What advice would you give to start ? should I limit my goal to a MHP valued at that range or use the HELOC as down and capital investment monies?