Mobile Home Park

I've just started looking into the interesting/scary world of mobile home parks.  After all of my research I found myself wondering if I could use a conventional loan or if I needed to get a commercial loan to fund this purchase?  I currently only have a MF property that has a remaining 90% LTV.  I'm expecting to come into around 30K soon that I'm looking to make work.  Thanks for you inputs!
Keoki Kimzin
USAF/Multi-family Investor
[email protected]

    Comments

    • You would need a comcercial loan for sure 
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    • Posts: 9
      Thanks Mark, really crossing my fingers for some of that sweet seller financing.  Great articles on that subject as well.
      Keoki Kimzin
      USAF/Multi-family Investor
      [email protected]
      • Posts: 9
        Nothing chosen yet.  In the process of selling a townhome to come up with downpayment money.  I'll keep you posted.  Really interesting niche market especially the potential cashflow. 
        Keoki Kimzin
        USAF/Multi-family Investor
        [email protected]
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