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Mobile Home Park Investing

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Dustin M.
  • Illinois
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68
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Title loans on mobile homes

Dustin M.
  • Illinois
Posted Jan 6 2011, 06:48

Hi,

An individual came to me recently looking to borrow $500 and he has a free and clear mobile home. I told him I would let him borrow the money if I could put a lien on his mobile home.

Anyone know exactly how to do this. In addition, this gave me a good business idea. Title loans on mobile homes (you see them all the time for cars why not mobile homes). Any see any potential problems with starting a mobile home title loan company?

Thanks,

Dustin

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