Hard Money Lender for Manufactured home

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Hard Money Lender for Manufactured home

Jeramie Jazikoff
Member since 2019 · 7 posts · 0 votes

Hello, I am looking to possibly pick up a property to flip in a HOA community with manufactured homes.

You OWN the home and the land.

The manufactured home was built prior to 1977. So standard financing can't be done on this property.

Florida based.

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Rachel H.
San Antonio, TX · Member since 2009 · 3k+ posts · 1k+ votes
1y

@Jeramie Jazikoff You'll probably have to bring in a partner or private lender to do the deal. Another option would be to ask for owner financing. Hope that helps! 

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  • Deborah Wodell
    Lender · Sanford, NC · Member since 2024 · 358 posts · 119 votes
    1y

    Is it a double wide or single wide? That can make a difference for some lenders

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Jeramie Jazikoff:

    Hello, I am looking to possibly pick up a property to flip in a HOA community with manufactured homes.

    You OWN the home and the land.

    The manufactured home was built prior to 1977. So standard financing can't be done on this property.

    Florida based.


    What is the PP, Rehab and ARV?

    [email protected]818-269-7983
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    0Reply
    • Jeramie Jazikoff
      OP
      Member since 2019 · 7 posts · 0 votes
      1y
      Quote from @Erik Estrada:
      Quote from @Jeramie Jazikoff:

      Hello, I am looking to possibly pick up a property to flip in a HOA community with manufactured homes.

      You OWN the home and the land.

      The manufactured home was built prior to 1977. So standard financing can't be done on this property.

      Florida based.


      What is the PP, Rehab and ARV?


      Purchase price: $85,000

      Rehab: $22,000

      ARV: $ 150,000
      0Reply
    • Jeramie Jazikoff
      OP
      Member since 2019 · 7 posts · 0 votes
      1y
      Quote from @Jeramie Jazikoff:
      Quote from @Erik Estrada:
      Quote from @Jeramie Jazikoff:

      Hello, I am looking to possibly pick up a property to flip in a HOA community with manufactured homes.

      You OWN the home and the land.

      The manufactured home was built prior to 1977. So standard financing can't be done on this property.

      Florida based.


      What is the PP, Rehab and ARV?


      Purchase price: $85,000

      Rehab: $22,000

      ARV: $ 150,000

       Is this of interest to you?

      0Reply
  • Rachel H.
    San Antonio, TX · Member since 2009 · 3k+ posts · 1k+ votes
    1y

    @Jeramie Jazikoff You'll probably have to bring in a partner or private lender to do the deal. Another option would be to ask for owner financing. Hope that helps! 

    1Reply
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