me and my husband is wanting to buy us a mobile home and some land. we are wanting to either rent to own or owner fiancing. how would we go about finding places like this?
2006-10-22 08:26:32 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
moblie homes are a bad investment they go down in value ,
just look at, not the ones for sale cause they can ask any price they want ,but check the prices of the ones that have sold used .moblie homes are like used cars they drop in value , even banks do not like to loan money on them ,why cause if they have to foreclose they are stuck w/ a used moblie home no one wants
your best bet is to find a used moblie that has to be moved, buy it dirt cheap , it may need some fixing, then find some land that the seller will fiance and move the home on to, the less you invest the less you can lose
2006-10-22 08:41:47 · answer #1 · answered by learningnewthings 4 · 0⤊ 0⤋
Look into a condo. Check with a realtor. Just make sure you are buying what you can afford, not what your realtor wants to sell you. Make low offers. Sellers can either unload the properties at your price or keep paying taxes and insurance for no reason. Consider lease to own arrangements but get them notarized so you are not scammed. Forget the mobile home thing unless you plan to be a guest on the Springer Show.
2006-10-22 10:52:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There are several options for you. First off, congratulations on making the decision to buy a home, it's a great investment. Next be sure you familiarize yourself with the process. Here's a good article on 5 mistakes to avoid when buying a home: http://www.foreclosure.com/articlecenter.html?action=displayArticle&articleId=1154&isLatest=false
Next, if you do choose owner financing, you can find owners who offer this option online. You seem computer savvy so go ahead and search "owner financing in ______" or lease option in __________.
Good luck!
2006-10-25 02:33:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you live in the USA, you are legally entitled to a free credit report every year so:
Step 1 - get your free credit report at
http://www.freecreditreport.com/
because ALL financing (loan amounts & rates) will depend on what your credit report says and the FICO score obtained from this report.
You can also start land shopping by entering the zip code of the area you are interested in, into Yahoo realestate or realestate.com. There are a number of property search services, just start looking but you must do step 1 in any event.
2006-10-22 08:33:46 · answer #4 · answered by kate 7 · 1⤊ 0⤋
first just get yourself an agent; there are some who specialise in mobile/manufactured homes (a lot do not so make sure first); sometimes the mobile home company itself will help you get started; surf about online a bit. good luck. it's a good idea to get your own land (that is probably a whole 'nother process) because if you get a mobile home on one of those complexes, even if you own it, you will always be paying a fee to sit on their property, and that goes up ever year--so be careful!
2006-10-22 08:30:13 · answer #5 · answered by KJC 7 · 0⤊ 0⤋
Go to a modular home dealer and check with them about financing. You'll want to get a realtor as well to locate some property.
2006-10-22 08:28:28 · answer #6 · answered by amosunknown 7 · 0⤊ 0⤋
You need to phone a reliable Estate Agency
2006-10-22 08:28:18 · answer #7 · answered by Clio 2 · 0⤊ 0⤋
I don't know..sorry
2006-10-22 08:28:35 · answer #8 · answered by kinga310 3 · 0⤊ 1⤋