Financing MF with traditional financing will require 25-30% down and typically require experience or greater down as they view it as risk.

Devin,You can pull cash out of a Mobile home as long a it meets the standard guidelines. 

.🏡 Existing Home Sales Rise for the Second MonthNAR reported a 1.2% rise in October closings — slightly above expectations — and 1.7% higher than a year ago.

Purchase price: $121,000 Cash invested: $1,000 Very nice 3 story, soon to be 5 bedroom home with 2.5 baths(Bedroom and Bathroom on First Floor), 4 bedrooms on second floor, with a full finished attic.

What have you done in the past for homes under construction or rental properties?

From a tax perspective, the IRS typically allows pre-rental work (like the hours you spent getting the property ready) to count toward material participation if it’s directly related to getting the property ready for rent.

These won't typically be available at traditional banks - go to a broker who will have access to them.To qualify for traditional income documentation loans with lower down payments, you will need to have filed tax returns for your business / self employment income.

Similar to real estate, you do not find a newly renovated home in great area for a steep discount, its discounted because there is work or something that needs to occur to enhance its value.Hi Chris,Appreciate the response.

Typically woodland and recreation land is not money makers, is for convenience and use.

I wouldn't pay more than 1.5 points on this type of loan- we typically are around 1-1.5ptsrest are typical costs