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Mobile Home Park Investing

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Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
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309
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Lending money from a SDIRA to help another investor buy a MH

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted Mar 25 2017, 09:08

I have SDIRA funds that I would like to invest by lending some money to a manager at one of the parks that I own a mobile home in so he could invest in the purchase a mobile home. We have an excellent working relationship and I would like to create a scenario where I can assist him to become a real estate investor (by funding him) as well as helping grow my IRA. He is able to fix almost any part of a mobile home so I feel very comfortable investing with him as the home would be the collateral.

 I could do a straight interest only with payback in X number of years, I could create an amortized note payable over a longer amount of time.  I know that there are probably a number of other creative plans that could benefit the both of us.   Does anyone have any good suggestions on how to create a mutually beneficial investment plan?  

Thanks in advance for the input!

Sandy

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