All Forum Posts by: Richard Fields

Check out podcast #54 with Lisa Phillips. If I lived in an area with properties in the 30k range I would be doing it. Those properties tend to need more attention from landlords so as an out of state investor I'm going with properties a little higher priced.

Manufactured as in a mobile home?  Find out if there is a lot rent and a management company.  Many of mobile home property management companies forbid using the trailers as strictly rentals.  However, you can often  get around this using rent to own, holding the mortgage yourself, or lease options.  Some of these get around their requirement of owner/occupants only; contact the management company if there is one.

@Richard Fields - I think the financing options would be the same as any investment property.  20% down if it is 1 unit, 25% down if it is 2-4 units and a conventional loan