Turns out, there is a a loan called the MISHDA Loan in Michigan.

I took out a personal loan. 32k.

@John C.why would any lender take another property as security if not the lender of highest priority?

@Rachel StahlmanIt won’t be a refinance but a purchase typically because you are not on the deed.If the land contract is recorded then possibly but typically since you are not on deed it’s consider a new loan

Includes a detached 4-car garage, handicap accessibility, security intercoms, a new 2019 roof, energy-efficient windows, and a suppression system land to develop.

So when you buy a property do you use a conventional loan or something else?

.- Try to find off market deals for way cheaper (e.g. using hard money, then refi into a rental loan)- Try to find properties where the owner will finance a big part of it and you get only a small loan with higher interest rates for the down payment.- Get a property subject to where you take over payments for a loan with lower interestfeel free to reach out and discuss some ideas

The same loan brokers that do MH also do RV, as do the insurance companies.We own both, and the only benefit of an RV park is that -- if you find the right one -- you can ramp up revenue faster because it costs you nothing to fill a vacant lot.

BESIDES DESTROYING PEOPLES LIVES YOU ARE INGAGING IN CRIMINAL ACTIVITY .ALL THE HOUSES ARE PAID OFF IN FULL AT CLOSING.BANKS NEVER LOANED US ANY MONEY!

It is a competitive market for LP equity and being able to differentiate yourself goes a long way to securing those commitments.