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Mobile Home Park Investing

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Whit Mcafee
  • Sturgeon Bay, WI
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Interesting Situation

Whit Mcafee
  • Sturgeon Bay, WI
Posted May 2 2016, 11:04

I came aross a 3bed 2 bath manufactured home with a large 2-3 car garage that needs a complete update inside and out. I went to look at the property with the owner and he told me the bank actually owns it and he still owes 117k on the property. It sits on a 1 acre lot wich in my opinion is worth more than the house itself. Is there a way that i could wholesale this property even tho the bank owns it? 

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