My heart hurts. BAD INVESTMENT
I bought a manufactured house and the land for 60k. I put in about 30k. I put it on the market and instantly had several interested buyers along with an offer for 140k conventional. Even though the manufactured house is pretty much completely updated... the manufactured house was made before 1976 so no buyer can get a loan. Any advice? I can get $1,000/ month in rent or do I just sell for a loss and try to find a cash buyer who would live in it.
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Bruce Woodruff
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Bruce Woodruff
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I think you have 3 options - Update it to HUD standards, wait for a cash buyer, or use a company like I just found with a search https://www.nhmcinc.com/now-financing-pre-1976-manufactured-...