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Updated about 6 years ago,

User Stats

12
Posts
5
Votes
Bradley Bladon
  • Lender
  • Columbia, SC
5
Votes |
12
Posts

1st Live in "flip" - common access road

Bradley Bladon
  • Lender
  • Columbia, SC
Posted

Hi All, 

I'm looking at a property to do a live-in flip on; I'll likely be using a FNMA Home Style Renovation loan to accomplish this w/ a likely live in time frame of 1-2 years...(sell after 2 or rent...remains to be seen)...

Scenario / Question: SFR, 4/2, 3.5 acres...the property "may" appraise as Rural (Surrounding area is a mix of heavy timber and farm land) v/s sub-urban and it's on a common-access road which is gravel off a paved secondary road. . My concern on the resell is this; there are 2 other homes off of the common access road, both of which are Double Wide's.

Should I consider those mobile homes a significant liability to overall future marketability?