I recall it was about $0.07 per mile over a 12 year period or something like that; it was approx. the same for a conventional vehicle based on something like $3 or $4 a gallon and equivalent mileage.

Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

@Jay Marz If you are using conventional bank financing then getting a new LLC won't do you any good.

Conventional, FHA or VA?

Buy an investment property with conventional financing or an off-market deal with cash/credit, to use the BRRR method, and forfeit the chance to use FHA.

Final and best offer is due tomorrow and I thought I had a lender lined up until last minute they tell me they aren’t able to do the conventional rehab loan on a manufactured home..

In my experience what can happen is a property owner gives a conventional first mtg, then gives a HELOC as a second.

We looked into a conventional and were told it wouldn’t pass inspection cause it’s “distressed”.

FHA can be great, but if you qualify for a conventional loan you'll less red tape and won't have PMI for the entire life of the loan.Have you considered MFR?