Getting Financing For A Mobile Home
Sunday, February 07
If you need financing to purchase a mobile home in a park your options will be limited to only 2 banks that I am aware of at the time of this post.1- 21st century mortgage, they will offer financing for homes in a park on rented land but you will need about 30% down for them to do the financing.2...
Things To Look Out For When Buying Your First Home
Saturday, February 06
When you are out driving around I would suggest you stay away from parks that are not being taken care of such as letting the tenants trash their lots with junk cars and everything you can think of being stored in the yards and on the porches. if the park is a mess it will be very hard to find a ...
Would you Rent, Sell/finance, Sell/Cash?????
Monday, January 25
Pros and cons of your exit strategies Rent pros- you own the home forever and get to collect rents from tenants, leave the home to your family in your will, build wealth one home at time.rent cons- maintenance/repairs and dealing with tenants on a daily basis, if you use property management you w...
Your Choice Extensive Rehab, Light Rehab, or No rehab
Saturday, January 23
Extensive rehabs can take months to complete and eat up holding costs, the homes could also be in worse area, they do have lots of upside, if you don't have a lot of money to start you can buy them cheap or even free and fix them over a longer period time using your w2 to fund the project, these ...
Mobile Home Repair Checklist
Sunday, January 03
We start all of our work on the outside so the home is water tight.Occasionally we will start on the inside especially if its cold or if they are just needing something to get started on but most of the time we will start on the outside Outside Work1-seal the roof if needed(no rust allowed)2-seal...
Its Time To Start Looking At Homes And Start Making Offers
Thursday, December 24
Its time to start looking for homes to make offers on by searching Facebook, craigslist, putting out bandit signs and driving through the parks that you want to purchase homes in.It could take a good bit of time to locate a home that you want to get under contract but if you are very persistent ...