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David

  • 1 Question
Other Pro
Experience:
Pres for C&D Remodeling LLC January 1950—present
granicrete counter tops and cabinets installed
Specialties:
I am self employed installing a counter top overlay system called granicrete, as well as installing cabinets, 425-232-3227
Interests:
I enjoy working in my shop, or improving the house or property we live on. My ... show more
About:
My wife and I are new investors looking to buy a multifamily unit or some mobile homes to rent for cash flow. Our age hovers around 50 or so. We live in ... show more
David answered:
David: most parks I have delt with do require that they be owner occupied. There may be a few that allow renters. As said before you need to talk to each park manager to see what their guidlines are. If you are condisering financing a manufactured/mobile home in a park lending is limited to a small number of lenders and they do require a downpayment that can range from as low as 5% in some cases up to over 20%. Most are around 10% or more. There is also receiving park approval for the person intending to live in the home. This is a background check done after you fill out the application with the park manager. If you need any other information I'm available to help.
Morrie - Wed May 20 2009, 11:33

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