Updated over 7 years ago on . Most recent reply
manufactured (hud) duplex financing
I’ve found a 2 unit manufactured home, on land, real property in a town I have a vrbo cabin. It’s currently occupied, etc. good Rental history and location. The catch is that Fannie and Freddie (to the best of my knowledge) will not underwrite a 2 unit manufactured home (it’s not a modular, it’s a double wide duplex, 6/2). I’m curious if anyone has any suggestions on financing options. I currently own a traditional long term rental sfh and a vacation cabin that we rent out as a short term rental, plus our home.
Hoping to pick the much bigger brains here for ideas.
FYI - this would be a long term hold, not worried about appreciation issues as it would be a cash flow rental. I’m considering selling the single family as it’s in another town and would like to consolidate investment properties in the same town. I would prefer to put no more than 25% down.
Thoughts?