Financing for a Deeded Double Wide

1 Reply

BP!

I have an off market double wide on 5 acres, on a permanent foundation, with a deed that would be perfect to BRRRR. I called my community bank to see what kind of long term financing they could offer. They will not touch a manufactured home, even though it has all of the aforementioned characteristics. Any ideas on long term financing for this property?

-Paddy

Paddy, 

In one of the more recent Podcasts, Brandon was talking about how people often think it's not an option when their first / regular bank tell them no. Perhaps try looking at other banks in the area? 

You could also see if you can help the seller with whatever their goals are. They may be interested in something like owner financing, or even a downpayment with some available capital, and then owner finance the rest.