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Author Topic: Financing multiple MH purchases  (Read 2022 times)

Offline ARamirez

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Financing multiple MH purchases
« on: February 06, 2005, 11:51:55 pm »
I am wondering what type of financing is best suited or even available for the purpose of purchasing 10 or so mobile homes. Trying to finance each one traditionally with a 20 year note is crazy when these homes are costing $5,000 each to purchase.

Is a commercial business loan of some sort available? I can get a unsecured loan for about $12k-$15k to take care of additional moving/repairing costs if need be, but ofcourse would like to use as little cash as possible to allow room for unforseen expenses.

I have already negotiated FREE moving of the homes to their destination park which is mananged by a corporate MHP co., ARC. Once the homes are there and I sell the home with owner financing the park will cut me a check for $1,000.

Any help will be appreciated.


Abel B. Ramirez II
MHSolutions.biz
REI Noob - 2 deals purchased, 2 completed.
Dallas, Texas
214-529-5626

 




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