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Updated over 1 year ago on . Most recent reply

User Stats

64
Posts
15
Votes
Carolina Mejia
  • New to Real Estate
  • Duluth, GA
15
Votes |
64
Posts

should I buy and How to buy- mobile home with land

Carolina Mejia
  • New to Real Estate
  • Duluth, GA
Posted

I have a 1.35 acre lot with an old 3/2 trailer on it in a rapidly growing part of south GA with a motivated seller. Needs to close in December. Selling for 60K & I need 40K more for the deal. I can put in my cash but that would leave me with nothing. I am overwhelmed- i know its a good deal but I am scared and want a loan- i don't want to use my cash and if i do use my cash i want to be able to do a cash out refinance. Also I tried to reach out to lawyers and I haven't heard back to help me take the next step on the process. Anybody have advice? Want to help walk me through it? Has the money to loan out? Or wants the deal themselves? let me know- they need to close in about 30 days ( the seller has a balloon payment due in December to original lender)

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