Is it a Modular to the Lender?

Mobile Homes, , , ,

That is the question! What you think and what the State defines, as a modular home, may not be the same definition a lender uses for a modular home. The lenders’ philosophy is this, “If it walks like a duck, and talks like a duck, it is a duck.’ What they really mean is if it looks anything like a mobile home, i.e. the roof pitch, the shape of the home, is there metal underneath, Read More

Is the Deal Right For You?

Funding, , ,

I get calls every day from investors who are new to the business. They get pre-approved for hard money and take out loans and then they start searching for the deals. There are many deals out there, but is it the right deal for you? You do need a down payment of 25% plus unless it is a seller financed deal. You are limited to less than 10 mortgages on your credit. With a hard Read More