Investing in Mobile Homes w Private Property w Hard Money

[Mark Perlberg]

Hey guys, I found a deal to purchase a 3/2 manufactured house for 48K Cash. It currently rents for 680, and can probably rent for 750 or sell for 70K. I've never owned property and have less than 10K in my bank account. Even through the numbers worked, I'm concerned about depreciating value of the mobile home, and saving up cash for refinancing. I'm thinking it may be smarter to do FHA on a multi-family for my first deal. Is there a way I can do both? How easy will if be to get my cash back on a HELOC? Greatly appreciate all of your feedback!