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Updated over 2 years ago on . Most recent reply

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Kerns Churchill
  • Member since Jan 8, 2019
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Kerns Churchill's profile image
Kerns Churchill's profile image
Kerns Churchill
  • Member since Jan 8, 2019
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Kerns Churchill
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Mobile Home Park Investing

Purchasing Land Under a Mobile Home

Kerns Churchill
Posted

Hello! I have the opportunity to purchase the land under a manufactured home. The home itself is currently occupied and not for sale. I had a few questions that I was hoping someone could answer:

-Is it possible for me to get a loan on this land purchase?

-What are average down payments/interest rates for land loans?

-Will the lender use the monthly rent I would collect from the tenant as part of their underwriting?

Thanks for the help!

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