All Forum Posts by: Madeline Davies

So Im finally in a position to buy. The market in Northern Nevada is bubbling, but due to circumstance my move needs to be made now. This is my first time buying. After the price of the land, I would have about 60k total to work with debt to income ratio wise.

There is a fully hooked up plot of land going for 30-40k under market value in a decent neighborhood. The mobile on it has not been cared for and cannot be converted. Its trash and needs to be replaced. 

The kicker is I need conventional financing as the owners won't finance. I can find used mobiles in the area for cheap, but they are in MHP's and may or may not be in good enough condition to move. 20-40k range.

My idea is to find a way to buy the land only and demolish/move the mobile during escrow so financing will go through. Then place a decent condition used mobile bought from one of the MHP's in the area. There are several within 5 miles.

I have zero experience and it seems like a technical grey area. Im not sure what the costs would be, let alone the legal viability of buying a mobile from a park and removing it immediately with paying 1 months lot rent at most.

Any and all imformation/experiences/advice welcome