You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.

Here, four major lenders sat at the front of the room, and potential borrowers presented their scenarios.

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

The only big risk for us is the due on sale clause.

When it comes to good cash flow, I’m usually aiming for something with strong upside potential—higher-end of the affordable market, in a gentrifying area, with a double-digit cap rate around 10%.

my thought is you take on some risk doing this.. if the info  you are providing does not pan out.. you know investors they take a loss and its never their fault its always someone else.

Whether you’re looking for creative financing opportunities or cash deals, I’d love to bring you potential deals that align with your goals.

Now, lenders verify income, assets, and jobs, reducing the risks associated with ARMs compared to the past.3.

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.