Hi all! I’m a lurker in the forums and recently joined cashflow depot to enjoy the tremendous amount of imaginative real estate content available here.
Jackie: this is a huge resource you got here. Thank you for doing this. I am working my way through all the calls you recorded with Peter Fortunato.
I just completed a deal turning a $87,000 property into a $500,000 property with a $1 house that I moved onto the property and rehabbed. I did that deal all cash and cash out refi’d into a traditional mortgage afterwards.
I am looking for another deal now, and I have several mobile homes being offered to me for little or nothing. As I understand it mobile homes are much harder to get a traditional refinance on.
My dilemma is how to get my equity back out and working for me again.
You might want to consider buying a fixer 3 bed 2 bath mobile home 1977 or newer. The are a much better mobile home with copper wiring
no lead paint and no asbestos insulation. Also there is more financing available for such a home.
Hope this help