Alan 0 Report post Posted October 5, 2004 Where I live we have alot of mobile homes....Has anyone done a CA on a mobile? AL Share this post Link to post Share on other sites
Mr.B 0 Report post Posted October 6, 2004 Because they depreciate in value, getting financing on a Mobile Home has its own special set of challeges. I would make sure that you have one or two source that are willing to setup financing on used MHs in your area before you attempt to L/P one. There are some books available on investing in MHs. One is called Tin Can Alley and there are a few more. I would do as much research as possible before getting involved in MHs. Share this post Link to post Share on other sites
-Tony- 0 Report post Posted October 6, 2004 usually due to the financing they can not get a loan. Thats why you buy low sell high with owner financing where you hold the paper. You can also do a search for Lonnie Scruggs Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted October 6, 2004 Alan,Most mobile homes cannot be rented or sold LO. FHA no longer even finances them if they're in a park. (To the best of my knowledge) It's because of what was already said; their depreciating value.I don't touch them unless it would be for ownership and cashflow. But again, I didn't get into this business to be a landlord.Just my two cents,Adam Share this post Link to post Share on other sites
Sold ! 0 Report post Posted October 6, 2004 There's a lot of people in South Florida right now trying to GIVE theirs away......trust me. Share this post Link to post Share on other sites
Alan 0 Report post Posted October 9, 2004 Thanks all Al Share this post Link to post Share on other sites
