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Updated over 5 years ago, 04/29/2019

User Stats

130
Posts
17
Votes
Patrick Sears
  • Midlothian, VA
17
Votes |
130
Posts

Selling mobiles and carrying note or using MH lender?

Patrick Sears
  • Midlothian, VA
Posted
Hello, Been thinking about fixing & flipping mobiles on land to buyers and offering seller financing. Then I would sell partials to get my money back out and repeat. However, I ran across the 21st Mortgage website where they say they finance credit-challenged MH buyers. What do you think of offering to my buyers the services of 21st Mortgage or other subprime manufactured finance specialists as an alternative to owner financing? It would eliminate the worry of finding a licensed MLO for Dodd-Frank, and I would get a lump-sum. Anyone done anything like this? Thanks!

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