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Updated over 4 years ago on . Most recent reply

User Stats

15
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7
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Isaac Lipscomb
  • Irvine, CA
7
Votes |
15
Posts

Southern California Mobile Home Flips- Advice?

Isaac Lipscomb
  • Irvine, CA
Posted

Hey everyone! Hope all is going well. I'm a newer investor and want to gain some experience in flipping properties in the Southern CA area, specifically Orange County & Long beach. Interested to hear some advice from anyone who's been successful in this area and maybe point me in the right direction to further educate myself. I have my RE license and I've had a number of clients interested in buying mobile homes if they want to own but are on a budget. 

Also interested if anyone has had success using a hard money lender to flip mobile homes around this area and if they were able to include construction costs in their loan amount? 

Thanks in advance!  

Most Popular Reply

User Stats

15
Posts
7
Votes
Isaac Lipscomb
  • Irvine, CA
7
Votes |
15
Posts
Isaac Lipscomb
  • Irvine, CA
Replied

@Rachel H. Thanks for the tip. Definitely will do some research on the market to see how long homes sit. Factoring in the land lease to this for a few months is going to play a big factor in whether I buy or not. Much appreciated! 

@Jo-Ann Lapin I was just looking up hard money lenders this morning. Would love to connect to hear more about your requirements for lending & what rates you offer, your companies LTV, etc. Also, I have a few general questions for you. Maybe we can connect this week?

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