A brand new mobile home often has a secured loan or mortgage.

Financed 1st deal by aquiring 100% financing by simply credit ( in definition, financing secured by shear credit is a debenture), bought property from builder at a discount of %10 by offering him a quick close (meaning no wait-time and no-marketing expense) and frequent business relationship, contract was struck before property was finished, found several buyers before property was finished and I closed.

They moved in August 1st in which they paid August rent of $1600 as well as a security deposit of also $1600.Sept comes around and no payment...after leaving it the hands of my property manager, she finally concluded in the 1st week of October that the tennants are deciding to get up and move.

Also, I would like to point out that HML ask for cash available, equity in other properties (or your own home) or collateral to secure the loan.

We have enough security compaies that could do the job here in the us, where they can and shoudl be scrutinized VERY losely!

[/b] We are working with several California lenders to secure you the lowest mortgage rate available.

You would give them a first mortgage position in the property to secure their investment and then when you are done with the rehab you could refi the property and pay back the investor plus 10% (as an example).

You must follow any local rules as a Landlord, including giving a Landlord-Tenant Checklist (if you collect a security deposit).

Some companies will also provide a layman's terms recommendation like, "Charge maximum security deposit" or "Renting to this person presents a VERY HIGH RISK they will not pay rent on time" etc.

In example 97% LTV loans with seller paid "gifts" and grants and LOW!