BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
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Buying a mobile home.
Hi,
I am looking at buying land, and I came across a lot with 5 acres that has a mobile home on it. The mobile home was built in the 80s and looks like it just needs some love.
I am thinking of buying to do a Brrrr. The property is a rural area asking 139k. There's lots of springs and rivers around, so potential Airbnb.
Is it a good idea to rehab a mobile home, and what would be some red flags.
Most Popular Reply
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The issue arises when refinancing. Most banks do not lend to mobile homes.