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Updated over 6 years ago, 05/15/2018

User Stats

30
Posts
7
Votes
Jeffrey Bland
  • Fort Worth, TX
7
Votes |
30
Posts

Mobile home community

Jeffrey Bland
  • Fort Worth, TX
Posted

I have an opportunity to buy a mobile home community that does rent to own mobile homes.  I don't have the $500K(20%) to put down for a conventional loan.  I know I could probably go hard money but my concern is being able to refi into a normal bank loan within 6-12 months because I'm certain my equity won't be sufficient by then, even if I'm reinvesting all profits, and especially since the payments will be interest only.  Has anyone had any experience with this and would you help a fellow investor out please?

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