I am looking for creative ways to finance homes to put in my park. Currently when my finances allow it, I buy a nice home for around 15k, put it in my park and resell it for 20-25k and carry the note. It would be great if I could finance these purchases. Any ideas would be greatly appreciated.
GECapital has a great loan program for mobile home operators. It is prime + 1 to 2 points.
So your paying 9-10% for your money and then what interest rate should Rwynn be charging the buyers?