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Updated about 8 years ago on . Most recent reply

how to put to use equity in 1975 mobile?
hello all..
one of my first purchases was a 1975 mobile & fixed it up for rental for $120k... its a good rental at $1250 income after property taxes & insurance... I have since come to understand that as of now.. it is just barely too old for someone to buy from me with a loan.. if I could, it would be worth $225-250k... the lot itself is worth $150k+...
any advise to unlocking the equity? either selling or getting a equity line of credit against or other ideas? i know lenders are easing requirements as we go forward.. maybe someone knows of a lender or has a creative solution ?
i live in the greater seattle area....
much thanks... Charlie