Creative Financing Strategy Update · The MHP Pros Mastermind

Creative Financing Strategy Update

I was seeing if there was a way that you could purchase MHP's with a lower initial cash out of pocket, and THERE IS A WAY YOU CAN DO IT. Generally, lenders will not fund the purchase with DSCR, but they will fund a refinance. So if the property truly is at a discount and the cashflow supports it, you can get TRANSACTIONAL FUNDING to cover closing, and a DSCR loan just after it's already in your name. The portfolio I am looking at should support this, so this will be my intention to purchase these parks for $1.2 million, and after everything is said and done, it will likely be about $140,000 out of pocket for me. LET'S GO!!!

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