Is a 1972 MH Financable?

salsadunes · December 30, 2008, 3:58am

Im looking for lenders for a pre 1972 Mobile home on its own land and a concrete foundation.
The property is in Oregon. Any thought’s are welcomed.

johnnyMB · December 31, 2008, 6:33am

mobile homes are difficult to finance!!

herbster · January 1, 2009, 3:52am

Contract for Deed - Land Contract.

Salverston · January 1, 2009, 5:47pm

Only real option is private money - such as Owner Carry, or a 3rd Party Private Finance

salsadunes · January 6, 2009, 7:42pm

Im looking to sell this property and know that financing is going to be the hard part. I have a potential buyer and so im looking to help find financing for the buyer. Other then Hard $ is there anyone i could call ?

Thanks Again

mobilehomegurl · March 12, 2009, 1:11pm

That’s going to be pretty hard to get financing - especially in today’s lending environment. You might want to bring in a private lender. Good luck!

christopher_w · March 18, 2009, 5:14pm

Is it a singlewide or doublewide?

motivatedceo · March 20, 2009, 1:03pm

Read Lonnie Scruggs’ books - and owner finance the home

gordo2417 · March 20, 2009, 4:55pm

We are looking at a really small amount of money (it better be anyways). Can you get money from your IRA? Mom? Dad? Credit card advance? Have you networked at your REIA meetings? Get the money from other investors looking for a better return? What about the dentist that fixes your teeth. Would he like a better return on his money then with his crappy stocks?

Think outside the box a bit,

Nate-WI

mike_d · April 11, 2009, 2:27pm

If it’s inexpensive, say $2K to $3K, and you are looking at quickly selling it for a small down payment and carrying paper, you might want to think about using a credit card as a source for the financing. They are easy to get cash out of, as long as you can pay it off with the cashflow in short time.