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Updated over 6 years ago on . Most recent reply

Cody Godfrey's profile image
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Cody Godfrey
  • Member since Oct 31, 2018
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Cody Godfrey's profile image
Cody Godfrey's profile image
Cody Godfrey
  • Member since Oct 31, 2018
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Cody Godfrey
22
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95
Posts
Creative Real Estate Financing

Financing a mobile home without a title

Cody Godfrey
Posted

I’m looking to purchase s mobile home on a piece of land that’s currently a room rental house. I would rent it out as 4 bedrooms but the home has no title. What’re my financing options when going to a lender for a loan?

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Jason Phelps's profile image
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Jason Phelps
  • Rental Property Investor
  • from KY (kentucky)
  • Member since Jul 5, 2018
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Jason Phelps's profile image
Jason Phelps's profile image
Jason Phelps
  • Rental Property Investor
  • from KY (kentucky)
  • Member since Jul 5, 2018
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Jason Phelps
  • Rental Property Investor
  • KY (kentucky)
7
Votes |
11
Posts
Jason Phelps
  • Rental Property Investor
  • KY (kentucky)
Replied

@Cody Godfrey I’m currently doing the same. Your state will give you guidelines on obtaining a title. I had to order a VIN plate for the MH, have it inspected and wait about two weeks for the title to arrive. Wasn’t a lot of work at all. Good luck on it!

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