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Updated over 1 year ago,
Adding double wide manufactured to lt
Currently live in family-owned house with a very large lot. We've agreed to ut a double wide trailer in the back so that some of us can live there and give4 everyone some breathing room. Wondering what the implications and otions are here. I know manufactured homes can be financed but some lenders ma require that a foundation be poured, rather than it sitting on slab.
My main concern is cashing out, as my money will be tied up in the double wide. If we get an appraisal after installing it, will it being on slab make a difference to the value and what sort of exit strategy is available here? Also, are the options for financing more restrictive than I think tey are?
Bascially, what are the options here and are there any significant blind spots that I should be addressing?