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Forums » Mobile Homes & Mobile Home Park Investing » Financing mobile homes

Financing mobile homes Subscribe to Financing mobile homes

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Tag Tags: mobile-home-investing


Howard Stokes

Banker · West Chester, Ohio


Forum_avatar_avatar-howardstokes

May 04 '10, 05:53 PM

In the past finanicng mobile homes for the investor has been a problem especially for the investor where the home is not real estate but titled property. We are now financing those as leased equipment and financing them like someone would a bulldozier or a over the road truck.

Edited: 06/26/2010 at 12:43PM


Jon K.

Real Estate Investor · Dallas, Texas


Forum_avatar_avatar-jonk

Donor Pro

May 04 '10, 07:37 PM

Used MHs? Up to how old? Single wides?

Edited: 06/26/2010 at 12:43PM

Jon K., VentureNet
E-Mail: jklaus@vnetinc.com
Telephone: 214-929-6545
Website: http://www.caddostar.com
Traveling to Dallas? Check out our ranch cabin getaway. www.caddostar.com


Ty Kirkpatrick

Real Estate Investor · Cicero, Indiana


Forum_avatar_avatar-withgodshelp

May 13 '10, 02:42 PM

Howard,

Please get in touch with me. I have something to discuss with you.

Edited: 06/26/2010 at 12:49PM


Bill Gulley

Real Estate Investor · Springfield, Missouri


Forum_avatar_avatar-financexaminer

May 13 '10, 09:43 PM

Hi, careful investors, leasing is not financing, your "lender" is in title and title is not transferred until it's paid. If you don't own it, watch your installment sale contracts. Due on sale has a whole different meaning when you sell personal property you don't have title to.
It can also a very expensive way to finance, even if the amounts involved are small. Bill

Edited: 06/26/2010 at 12:49PM


Dale Osborn

Mobile Home Investor · Spanaway, Washington


Forum_avatar_avatar-realtyman

Jun 04 '10, 03:44 PM

If the investor needs more money to finance other deals, there is the option of discounting the notes to get money for a hot project right away. Rather than discount your notes - why not just keep them? With 5-10 MH notes coming in, you should be able to quit your full time job and become a full time investor!

Edited: 06/26/2010 at 01:05PM




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