All Forum Posts by: Chance Lauer

I've found what I think is a great rental property with fantastic cash flow potential. The property is 2.25 Acres and consists of 3 single family homes and 7 mobile homes. The property owner only owns four of the mobile homes and just rents spaces on the others. ALL of the structures on the property are under one deed.

What route would you suggest taking on the commercial lending side? This would be a buy and hold property. Interest rate would obviously be important but would the mix of structures on the property make it difficult to get a normal commercial loan? Are there any requirements from a government loan on a property like this? Are they too much of a headache?

This my first time trying to work a unique deal and have already learned a ton but would really appreciate any advice.

Thanks

I've found what I think is a great rental property with fantastic cash flow potential. The property is 2.25 Acres and consists of 3 single family homes and 7 mobile homes. The property owner only owns four of the mobile homes and just rents spaces on the others. ALL of the structures on the property are under one deed. 

What route would you suggest taking on the commercial lending side? This would be a buy and hold property. Interest rate would obviously be important but would the mix of structures on the property make it difficult to get a normal commercial loan? Are there any requirements from a government loan on a property like this? Are they too much of a headache?

This my first time trying to work a unique deal and have already learned a ton but would really appreciate any advice. 

Thanks