Mobile Home Investing

[Nate Truxel]

I have been looking at a mobile home park in my area. Tax assessor shows 14 lots on the property but when I drove by I can see that only about 2 of them have tenants. All the homes are 60’s-80’s model and would need rehabbed. I’m wondering if I got one of the homes and rehabbed it would a bank give me a refinance so I can use that money to rehab another? What’s the best strategy in a situation like this?

[Cameron Whitehead]

It would all depend on the bank. Go to a small local bank and ask!