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Updated about 2 years ago,
Is there Lenders that will do a MObile Home cash out owned by LLC
I am having the worst time finding a lender that will do a MH cash- out once I am finished rehabbing it. I will have it rented out for 1500/month. It's owned by my LLC. I bought it in July. Its a doublewide and is REAL property tied into .35 acre. I keep getting lenders that are like - Yeah- We can lend on it but some reason or another they can't. I had a new roof put on, new anchors/tie-downs per a HUD engineer, up to code electrical and panel, up to FHA standards and current code plumbing and new AC.
I need to pull the cash out so that I can do another Fix/flip or BRRR