buying a seller financed mobile home
I was wondering if any one has ever bought a single wide mobile home as an investment property? I am wanting to know about any issues you had financing the deal. pulling your equity out of the property, borrowing against it through a bank. basically the good the bad and the ugly with this type of investment.
I live in a good rental market and my number look good in terms of CoC returns and monthly cash flow. the seller is willing to seller finance 50%. My concern is the bank will not let me borrow against the property once I fully own it so I can pull my money back out.