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Updated about 1 year ago on . Most recent reply
Financing - Mobile Home Rental
I'm looking to take some equity out of my rental. Doublewide mobile home, perm foundation and own .19 lot.
Paid for rehab after the last tenant with primary home HELOC and credit cards, so my credit score took a hit.
I want to payoff the rehab, and take an additional $125k to purchase new primary home. That would get me 3 of the 5 doors I want. Does anyone do that sort of lending?
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Ellen Mitchell yeah, this is really hard to do as 1 property mobile home investment property. It might be impossible...but get connected with some real estate groups on facebook for your area. Search for something like "Idaho Real Estate Investors" or some combination of that and then join and then ask this question in there. Don't be surprised if you have 1 or no options for it though. But keep searching. Maybe there's a solution somewhere. Private lenders maybe?