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Updated almost 6 years ago on . Most recent reply

Nick Tureau's profile image
Nick Tureau's profile image
Nick Tureau
  • Real Estate Agent
  • from Gonzales, LA
  • Member since Jun 25, 2019
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Nick Tureau's profile image
Nick Tureau's profile image
Nick Tureau
  • Real Estate Agent
  • from Gonzales, LA
  • Member since Jun 25, 2019
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Nick Tureau
  • Real Estate Agent
  • Gonzales, LA
4
Votes |
12
Posts
Private Lending & Conventional Mortgage Advice

Financing for Mobile Home lots

Nick Tureau
  • Real Estate Agent
  • Gonzales, LA
Posted

I’m looking to buy 2 lots that already have tenant owned mobile homes on them that pay the landowner $375 mo in rent. The lots are for sale for 30k each & I can see this as a scalable business model IF I could get financing for such a property with the mobile homes already in place. My bank said that they don’t have a product for that type of investment because if I default, they would have trouble getting the trailer & tenant off of the property. Can anyone recommend a lender that is more familiar in this area of investing?

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Dion Martorella's profile image
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Dion Martorella
  • from Knoxville, TN
  • Member since Jan 24, 2019
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Dion Martorella's profile image
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Dion Martorella
  • from Knoxville, TN
  • Member since Jan 24, 2019
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Dion Martorella
  • Knoxville, TN
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Dion Martorella
  • Knoxville, TN
Replied

A recent podcast episode on BP had a guy on who is a big Mobile Home Park owner. Definitely worth a listen.

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