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Updated 3 months ago on . Most recent reply
property advices or ideas.
I've been interested in a property listed for 230k on the market for some time now, and it was listed for 270k. The property is 8.1 acres and has a two-bedroom, one-bath broken mobile home that is barely livable. This property can NOT be financed by FHA or a traditional conventional 30-year fixed-rate loan.
I want to build a home on the property to increase value at some point.
Any advice or ideas?
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Nathan Gesner
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- Real Estate Broker
- Cody, WY
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Quote from @Ray Watkins:
Any advice or ideas?
They can finance the land, but not the mobile home. If the land is worth $200k, then you could pay the other $30k out of pocket and finance just the land.
- Nathan Gesner
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