They were struggling to find a new place to live and needed financial help to secure their next steps and provide Christmas presents for their children.

My main question is around financing – how do you typically secure funding for a portfolio like this?

I am new to flipping, and haven't yet secured my contractors - just looking to do some cost analysis.A.

The only way that many can achieve the American dream of home ownership is by having an investor like yourself available to make it happen by loaning them the money needed and securing a lien against the mobile home.

If you own multiple properties, vendors may offer discounts for securing long-term contracts.Reassess Your Debt Structure→ If your mortgage terms allow it, you could refinance to a lower interest rate or extend the loan term to lower your monthly payments.

@Chelsea SchaeferI'm not an expert...just another investor...

I'm new to the private lending space and am trying to get my bearings straight before talking to a legal experts. 

Summary of Key Differences: Aspect DSCR Cap Rate Purpose Measures debt service ability Measures investment return Formula NOI / Debt Service NOI / Purchase Price Focus Cash flow vs. loan payments Income vs. property value Perspective Lender’s viewpoint (loan approval) Investor’s viewpoint (ROI evaluation) Role of Financing Highly dependent on loan terms Independent of financing Use Primarily for loan qualification Property valuation and comparison Conclusion: DSCR is critical when securing financing because it shows how well the property can cover its debt payments.

Since it's your first investment property, it can be a double edged sword since yes a PM can help you and be an expert voice but but if you don't know what you need or your management style yet, it might also not benefit you.Honestly, I'd try managing on your own for a while, and look up property managers in the area while you're at it.

The sale of the property is recorded on the deed and filed in the land records.Banks file a mortgage lien on the property to secure their interest in the property.