Updated almost 11 years ago on .
Mobile Home
There is a mobile home in a park I’m working on. The park will not allow rentals and I am not allowed to buy and then sell it. The only way I could think of to make money was to wholesale it and hold the note for the difference. Does anyone have any other suggestions?
The owner wants 8K. I plan to wholesale it for 10K-12K. For example: If I get a buyer with 6K to put down I will pay the current owner the remaining 2K and hold the note for the difference of 6K to 12K.
In addition, I’m not exactly sure how to hold a note for a mobile home. Would I just hold the title?