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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,

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11
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6
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Wayne Clark
6
Votes |
11
Posts

BRRRR - Manufactured Home - Financing Options

Wayne Clark
Posted

I close on my first investment property this week. It is a manufactured home on a permanent foundation. The home will be de-titled at closing. I am purchasing using private money and funding the rehab myself. My question is, how difficult is it to get these types of properties refinanced? I will list the details below. Cashflow on this will be decent, and I really want to hold it as an LTR versus selling if I can get the property refinanced. Does anyone have any advice or experience with this? Anyone you would recommend reaching out to for lending?

PP: $95k

Rehab: <$20k

ARV: $150k (this is a conservative ARV)

Monthly Rent: $1300+

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