Few Questions Before Making Mobile Homes My First Property
I have seen mobile homes as a cheap way to get started in Real Estate for my first few investment properties, but have a few questions before I get started. For the most part all my questions are referring to in-park mobiles. As far as Lonnie Deals, with the new laws I'm curious as to how have other investors deal with this, where would I find mortgage brokers willing to do these, or any ways/exceptions for mortgage broker to not be necessary? If the Lonnie Deals were too much hassle to pay off, would purchasing the property out right and then selling on owner financing be any different? Last question is, how has everybody's experience been with Buy & Hold investing in parks, does the cash flow make up for the higher maintenance costs? If you're buying in a well kept park are the maintenance costs really that high?
- Any known mortgage brokers on board in Seattle area?
-Lonnie Deals vs owning property outright, any difference?
-Buy & Hold advice/experiences in-parks?
-Any other terms, or exit strategies to consider?
Thanks for any help ahead of time!