Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago, 10/28/2020
Offering seller financing on mobiles on land
Hello,
Had a couple of questions on the current MH seller financing market:
1) With all of the subprime lenders that appear to be offering low-down financing on owner-occupy mobiles (especially on land) is there still a demand for offering seller financing on mobiles on land that I might want to fix up and offer to sell on terms? Or should I forget about that business model and just get good at hooking up my buyers with these specialty lenders and cashing out immediately?
2) If I am still able to create a steady flow of seller-carry paper for these deals, are there any note buyers interested in seasoned mobile home on land paper?
Thanks!