I was wondering if anybody had any ideas on where to get financing  on a manufactured house thatwas built in 1972.

However, their income far surpasses the 25% rule that I am trying to follow in the income to rent ratio.The second candidate is a young single girl with a stable job at a manufacturing plant in Rockford.

The tech industry has replaced most of the old vanguard steel makers and manufacturing companies, although some of them are still around.  

"Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes)." - Per FNMA guidelinesI hope this helps!

Pros, if you find a good manufacturer they take weather exposure out of the build and really can produce a great product.

I did make a  cash offer on another mls listing last week on a  run down manufactured home on property listed at 119k I made 80k cash offer and was told that the  seller had already declined 105k cash offer.

About a year or two ago, there was a case called Drake Manufacturing where a Delaware Corporation went to a trial, won a $300k judgment, but then lost it on appeal because it never registered as a foreign corporation.

Out and away in the industrial area would be great zoned for manufacturing..and possible muscle car repair.Thanks , Mike

Yes, we both work W2 jobs at the moment and given that mine is a specialized manufacturing type, I shouldn't have any trouble finding new employment (already have begun to search and it looks promising).

@Lance Card I invest personally in South Carolina & with Boeing along with other big companies such as AUDI moving huge portions of their manufacturing to our humble state we have grown tremendously in the last few years.