Is there 30-year financing still available for a doublewide trailer built in 1988 and the land it’s on? I may be able to arrange for seller financing from a motivated seller who owns this property free and clear of any mortgage loans and she is very motivatd to sell.
My plan would be to get a tenant-buyer into it and eventually have this tenant-buyer cash out the deal with conventional bank financing. I probably don’t want to take on this deal if there is no conventional financing available for this tenant-buyer, though.
Has the recent tightening of credit affected financing doublewide trailers, especially ones over 20-years old? TIA.
–
Bob