Updated almost 6 years ago on . Most recent reply
BRRRRing mobile homes
I have a question for you guys about mobile homes.. My question is, does anyone buy mobile homes and brrrr them? I am aware that I wouldn't own the land. I am also aware that there would be rental fees when vacant. My second question is where do you see comps for what these things rent for? I have looked on the MLS and there are none for rent or past rented. Let me know what you guys think. I am trying to get my brrr portfolio going and I have limited capital. I am aware that traditional financing does not work. I would be using a chattel loan for cashing out... which brings me to question number THREE.. has anyone ever used these loans? Would they work with an asset as collateral?