Advice and Suggestions on Financing for a Mobile Home

[Christina Labowicz]

Trying to bring all the pieces together for my partner and my first investment. We found a mobile home in the area which we are interested in rehabbing and flipping. The private/hard money lenders we have come across do not lend for mobile homes, does anyone have any companies that they would suggest? We found one which will lend based on points, a $60K loan for $6K worth of points and can have the funds ready in 4 weeks.

Given that this will be our first, every single step is new to us, does anyone have any suggestions on the type of lending we should be looking for? Is the point system best for this type of deal or should we be looking based on interest rate. We plan to buy, close and flip no longer than 6 months duration.

Thanks

Christina