Land Loan Financing w/Mobile Home

[Brian Mackey]

Hello,

Came across a listing that has 6 mobile homes on the lot.  5 are owned by tenants who pay lot rent, and one is owned by the seller who rents it out to someone.  I am interested in purchasing but it's advertised as lot/land on zillow.  Is this something that would have to be financed as such?  It seems like financing is less favorable.  Would I be able to use the Mobile Home that comes with the purchase as consideration to make it a traditional investor type loan?  I have reached out to a few lenders, just waiting to hear back.

My long term strategy if I can get this property, is to subdivide the 6 lots, bring in nicer mobile homes, and sell each one on terms while charging lot rent. If anyone has advice on that, it would be appreciated as well :)

Thanks BP!