All Forum Posts by: Account Closed

Yes I asked the president of the association already. He says their are slight restrictions on renting but as long as they are kept informed of the renter in the home they will have no problem with it. Anyways this home is in such a quiet area I might just live in it for a long period and enjoy it. 

Hey guys,

I recently had an offer accepted on a foreclosed double wide manufactured home on it's own land in a condo community. I'm looking to fix it up and rent out at some point. I'm really struggling on finding some tolerable financing options for it. The best one I could find is 10% down with a 6.75% 5/1 ARM. This really isn't acxeptable to me because my credit score was 750 about two weeks ago. I have a well maintained three family home that will be fully occupied as soon as I move out of this apartment. My plan is to rent this unit out and use that rent to pay on a new loan for this manufactured home. Does anyone here know of some reasonable lenders for manufactured homes on their own land that service the Wisconsin area? Much appreciated!

Yes Mindy it is a beautiful area. I grew up on Lake Beulah and loved it! ETBT, yea I actually still pop up there at least once a year for fun lol. 

I'm in the same boat! I'd love to connect with some wholesalers in my area as well.

Hello all,

I currently own a three-plex which I'm the occupier of one unit and rent the other two. I've owned it for 15 years now and have right around 100K in equity built up. I'm looking to purchase another multi in hopes to pay my current home off sooner. Would it be a better idea to use the equity in my home to make this purchase or take on another mortgage? I'm just now starting to look into these things so I apologize if this is a lame question lol. I could get an interest rate right around 4% I believe. Thanks guys!

Hey guys/gals,

I'm currently an owner/occupier of a three plex in small town WI. I'm here because I'd like to get some tips from the pros here in hopes to expand in the rental market.