Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Landon Evans

Landon Evans has started 2 posts and replied 3 times.

Hello!

Does anyone have any guidance / recommendations on financing a deal with single-family homes. This was brought to me as an off market deal with sellers being ready to retire. All of these properties are in rural areas but the seller wants $250K total for the 4 homes. I wanted to ask here first but I have a feeling that most banks will not finance a mobile home so is it safe to assume that using this method of a package deal is how real estate professionals offload mobile homes? 

I'm hoping to just do a business loan with 80% LTV on the 3 brick/mortar homes and hope that those 3 appraisals cover the $250K purchase price. At that point, I'm assuming the seller will just include the mobile home in the package because they will have their money and the bank is satisfied with the other 3 appraisals? Any guidance or advice on this would be greatly appreciated. Thank you!

My family owns a single family home and has recently considered renting it on AirBnb. This is a unique property as it is on a lake and has a private dock. It is also a double-wide mobile home so I feel like a cost segregation study would be worth the money if it's not ridiculously expensive since they actually do depreciate unlike a typical home. I'm worried about recouping the investment on it if/when we have to sell it one day. Any advice or experience here would be greatly appreciated. Thanks!

@Chad P.

My wife and I are looking to invest in the Camden/waverly/New Johnsonville area. Would love to connect with you for some insight over Coffee if you have time in the near future? Thanks!