BRRRing a Mobile Home?

[JD Morris]

I'm finding a lot of deals on mobile homes in my area, Spartanburg, SC, but I can't find a local bank who will offer refinancing to an investor on mobile homes. My current goal is to use my HELOC to pay cash and fix one up and then use the BRRRR strategy and refi so I can get my HELOC back. Is there anywhere else I can look to try to refi once I fix it up and rent it out?

[Roger Hefner]

@JD Morris i buy mobile homes on land in Arizona. I make sure to affix the property so it is legally real estate not personal property like a car. I rehab sometimes but now I just mske sure septics,water,electric is all good. Then I turn around sell for double what I paid for on a 30 yr. Note with 10 to 15% interest rate and 10% min. Down. Lots of buyers out there for owner finance. Wait a year look to sell the note to a note buyer. Do it again or keep the passive income. Good luck.