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Mobile Home Park Investing

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Steven J.
  • Urbana, IL
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Mobile home, buyer, and park are almost lined up!

Steven J.
  • Urbana, IL
Posted Jul 1 2014, 10:44

@John Fedro and other mobile home investors - I might be moving on my first mobile home deal! About an hour ago I as going to ask a simple question in regards to how might getting approved in parks works. I presume that many times I need approval first and then my end buyer needs approval too to live in the park.

Well, lucky me. I got a call from a buyer who wants a specific home but doesn't have the money for it. I explained how I can help out and he told me who to call about the home so I can purchase the home and finance it back to him. For whatever reason I didn't have the realization I'm his private money lender without either one of us using that term. 

I'll be meeting with the park owner in half an hour to discuss how this situation would work. I'll be the guy that offers up the money and seller finance it back. Might not be a huge cash flowing deal but at least its an open door at the moment!

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