Class midwest issues. 

Compliance states there is no way to remediate this unless a new file is created. lender credit is 6900 which is the seller concession and no COC can be issued for “incorrect” lender credits.

Recently decided, to invest in a mobile home park but sold at a loss.

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

I know they would be worse off refinancing at today’s rates even if they could find an alternative lender able to lend on older mobile homes.

We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home.

not sure they will do it for mobile homes though.

@Tyler Cobb Yes, mobile home investing can definitely work.

@Darrell Overly  there are certainly enough mobile homes in the area around phoenix (East Mesa/Apache juction) but your issue may be the age of the homes and any limitations the park has on renting.   

Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted. So I bought a single family home for 315k that was considered inhabitable. I was able to get a private loan which I used to ...