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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
18
Votes
Myles Daniel
18
Votes |
12
Posts

Looking for trailer park cash out refinance

Myles Daniel
Posted

I recently bought a trailer park that the owner let go to ruin after her husband died two years ago. There are 11 lots and I’m currently renovating 6 of the existing trailers. The others need to be trashed.

I paid 100k for the park, which was an amazing deal. However, I’d like to use some of the cash that I paid for the park to buy more mobile home for the other lots.

Not sure I can find a local bank that is interested in this, but hoping someone on bigger pockets would be. I don’t have tenants at the moment, but will likely have some in 60 days or less. Please message me with any questions or input. Thanks

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