Manufactured home financing ?

[Kachina23]

Looking to buy a house at Rio Colorado across from Parker . Any info on financing those things ? Thanks . Any info appreciated 562 843-7318.

 

[Tamalewagon]

Was it built before or after 1976? Does it have a solid foundation or wheels? Will you own the land?

 

[Kachina23]

It’s on a foundation no wheels built in 02 I believe . There is land space rent

 

[JL2Party]

Try Well Fargo, they will finance mobile homes.

 

[ArizonaKevin]

Scott correct me if I'm wrong, but most lenders that I have worked with can't do financing on the trailer itself without land. There may be some options in hard money or in a bank that finances RV's.

Good luck!

 

[Tamalewagon]

Scott correct me if I'm wrong, but most lenders that I have worked with can't do financing on the trailer itself without land. There may be some options in hard money or in a bank that finances RV's.

Good luck!

You are correct. There are a handful that do this but their rates aren't exactly choice.

 

[boatnam2]

Did you talk with Lisa? She would probably have the best info on who has or might of done something in the park.

 

[Kachina23]

Yes she gave me info . It’s her deal as well. I’m Looking at all options do make it happen . Thank you for all the responses I’m open to all suggestions as well. Thanks

 

[Kachina23]

Did you talk with Lisa? She would probably have the best info on who has or might of done something in the park.

She did give me info , it’s her deal as we’ll. Thank you.

 

[boatnam2]

She did give me info , it’s her deal as we’ll. Thank you.

10-4, she is pretty cool gal, good luck with finding something.

 

[Kachina23]

10-4, she is pretty cool gal, good luck with finding something.

Thank you very much , I’m pretty excited

 

[boatnam2]

I use to go use the Jacuzzi there when echo was to crowded.

 

[Kachina23]

I go to emerald coves lol

 

[boatnam2]

Is big sam still running the place? I keep my boat and golf cart there a couple years ago, sent a guy over to service the g-cart, when he opened the door a rattlesnake happened to be sitting there and struck him on the leg, good news was he had levis on and only got venom on his pants, well maybe a little shit in his shorts also.

 

[Kachina23]

Is big sam still running the place? I keep my boat and golf cart there a couple years ago, sent a guy over to service the g-cart, when he opened the door a rattlesnake happened to be sitting there and struck him on the leg, good news was he had levis on and only got venom on his pants, well maybe a little shit in his shorts also.

Yes he always calls me when I’m behind on my storage payment, lol. But he’s a coo dude!!!

 

[Mandelon]

I would say to try and get seller financing at a decent interest rate. If they have a loan try to assume it, and have the seller carry their equity. You have two loans and not so much skin in the game.

It would be a risky loan for a bank to do. If the park owner cranks up the rent you would have to move the trailer....

 

[Advantage 1]

Although never set foot in a trailer, I really like that park. Stored my boat there for many years. Nice beach, ramp and convenient with the clubhouse and restrooms.

All the different names escape me now, but having the bar / restaurant on site is cool too. Nice people.

 

[Kachina23]

I would say to try and get seller financing at a decent interest rate. If they have a loan try to assume it, and have the seller carry their equity. You have two loans and not so much skin in the game.

It would be a risky loan for a bank to do. If the park owner cranks up the rent you would have to move the trailer....

I will definitely use all options to get the place , it’s a coo house . Thanks for info

 

[24ultra]

I used Greg Riordan at New American Funding in Bullhead City to get pre-approved. I was looking at a trailer as well and he was super easy and knowledgeable. I didn’t pull the trigger, but would use him again.

 

[Kachina23]

I used Greg Riordan at New American Funding in Bullhead City to get pre-approved. I was looking at a trailer as well and he was super easy and knowledgeable. I didn’t pull the trigger, but would use him again.

Awesome!!! Quick question, how long do they finance and up to how much do they finance? Thanks

 

[Paul65k]

OK let me piss everyone off here and say:

It does NOT make sense to borrow $$ to buy a depreciating asset....regardless of how good it makes you feel.

Now I know that is not popular and really makes a lot of sense but to buy a manufactured home that is NOT attached to real property is nothing more than paying interest to lose money therefore compounding the loss of non-deductible interest.

Now before some of you jump in to tell me that your trailer is worth more than you paid for it and you can't replace it for what you paid.....yada, yada, would that still be true if you take into account the opportunity cost of the $$, inflation and the cost of interest on the $$ you borrowed to pay for that trailer/manufactured home........on someone else's property.

Do yourself a favor and find a great rental so you and your family can enjoy your time together at the river, put the same amount you would pay for a loan payment, overhead, maintenance, etc... and put into a savings account, let that draw interest and when you have enough to pay cash for that trailer you want THEN you should buy it!!

Alternately if you just HAVE to do it now please, please buy something that includes something irreplaceable........LAND.

My .02.......unpopular for sure but makes financial sense.

 

[steak&lobster]

OK let me piss everyone off here and say:

It does NOT make sense to borrow $$ to buy a depreciating asset....regardless of how good it makes you feel.

Now I know that is not popular and really makes a lot of sense but to buy a manufactured home that is NOT attached to real property is nothing more than paying interest to lose money therefore compounding the loss of non-deductible interest.

Now before some of you jump in to tell me that your trailer is worth more than you paid for it and you can't replace it for what you paid.....yada, yada, would that still be true if you take into account the opportunity cost of the $$, inflation and the cost of interest on the $$ you borrowed to pay for that trailer/manufactured home........on someone else's property.

Do yourself a favor and find a great rental so you and your family can enjoy your time together at the river, put the same amount you would pay for a loan payment, overhead, maintenance, etc... and put into a savings account, let that draw interest and when you have enough to pay cash for that trailer you want THEN you should buy it!!

Alternately if you just HAVE to do it now please, please buy something that includes something irreplaceable........LAND.

My .02.......unpopular for sure but makes financial sense.

earning interest on a savings account? please tell me where that exists. . . LoL

 

[Kachina23]

OK let me piss everyone off here and say:

It does NOT make sense to borrow $$ to buy a depreciating asset....regardless of how good it makes you feel.

Now I know that is not popular and really makes a lot of sense but to buy a manufactured home that is NOT attached to real property is nothing more than paying interest to lose money therefore compounding the loss of non-deductible interest.

Now before some of you jump in to tell me that your trailer is worth more than you paid for it and you can't replace it for what you paid.....yada, yada, would that still be true if you take into account the opportunity cost of the $$, inflation and the cost of interest on the $$ you borrowed to pay for that trailer/manufactured home........on someone else's property.

Do yourself a favor and find a great rental so you and your family can enjoy your time together at the river, put the same amount you would pay for a loan payment, overhead, maintenance, etc... and put into a savings account, let that draw interest and when you have enough to pay cash for that trailer you want THEN you should buy it!!

Alternately if you just HAVE to do it now please, please buy something that includes something irreplaceable........LAND.

My .02.......unpopular for sure but makes financial sense.

Thanks for the Advice , I may be able to put almost a third down. Whatcha think? I really like the house and the area on the water where it’s located . Even rentals are hard to find sometimes . I’m still trying to see what will work. Thanks for input I appreciate it.

 

[Paul65k]

earning interest on a savings account? please tell me where that exists. . . LoL

Like I said many will jump on me.....insert market for SA....based on the market dynamics a the time but the point is don't borrow $$$ to buy a depreciating asset....that was the point

 

[Kachina23]

I used Greg Riordan at New American Funding in Bullhead City to get pre-approved. I was looking at a trailer as well and he was super easy and knowledgeable. I didn’t pull the trigger, but would use him again.

Awesome!!! Quick question how long do they finance and up to how much do they finance?

 

[Paul65k]

Thanks for the Advice , I may be able to put almost a third down. Whatcha think? I really like the house and the area on the water where it’s located . Even rentals are hard to find sometimes . I’m still trying to see what will work. Thanks for input I appreciate it.

No problem and thanks for taking this in the spirit it was intended.......whatever you do all the best!!

 

[Kachina23]

No problem and thanks for taking this in the spirit it was intended.......whatever you do all the best!!

Thank you , I appreciate it!!!

 

[plasticman]

OK let me piss everyone off here and say:

It does NOT make sense to borrow $$ to buy a depreciating asset....regardless of how good it makes you feel.

Now I know that is not popular and really makes a lot of sense but to buy a manufactured home that is NOT attached to real property is nothing more than paying interest to lose money therefore compounding the loss of non-deductible interest.

Now before some of you jump in to tell me that your trailer is worth more than you paid for it and you can't replace it for what you paid.....yada, yada, would that still be true if you take into account the opportunity cost of the $$, inflation and the cost of interest on the $$ you borrowed to pay for that trailer/manufactured home........on someone else's property.

Do yourself a favor and find a great rental so you and your family can enjoy your time together at the river, put the same amount you would pay for a loan payment, overhead, maintenance, etc... and put into a savings account, let that draw interest and when you have enough to pay cash for that trailer you want THEN you should buy it!!

Alternately if you just HAVE to do it now please, please buy something that includes something irreplaceable........LAND.

My .02.......unpopular for sure but makes financial sense.

Paul,

I have a place at Havasu Springs, one of the newer ones on the bluff. we pay
property taxes that go up every year! Fought with the county of La Paz on the
depreciating asset (Trailer) They said tuff shit! Location,Location! we lost that
deal.

 

[steak&lobster]

Like I said many will jump on me.....insert market for SA....based on the market dynamics a the time but the point is don't borrow $$$ to buy a depreciating asset....that was the point

no I understand and agree with you. I was just wondering if you had a "hot" bank for me to invest with LoL

 

[Kachina23]

Paul,

I have a place at Havasu Springs, one of the newer ones on the bluff. we pay
property taxes that go up every year! Fought with the county of La Paz on the
depreciating asset (Trailer) They said tuff shit! Location,Location! we lost that
deal.

Dang they really did that shiaaaaaat? Now I’m wondering what to do!!!

 

[Bobby V]

Dang they really did that shiaaaaaat? Now I’m wondering what to do!!!

Buy a trailer in Havasu Palms.

 

[Kachina23]

Buy a trailer in Havasu Palms.

Those houses are a lot more lol!!!

 

[Rondog4405]

Buy a cheap mobile on a huge lot on deeded land across in parker. Sounds like you could pay cash for one over here. Store your boat there and call it a day. Wont be river front.. But you will own it outright.. And the property! 3-5 mins to the ramp .. Boom!. Just throwing that out there. Got mine for 40k. And love it!

 

[Kachina23]

Buy a cheap mobile on a huge lot on deeded land across in parker. Sounds like you could pay cash for one over here. Store your boat there and call it a day. Wont be river front.. But you will own it outright.. And the property! 3-5 mins to the ramp .. Boom!. Just throwing that out there. Got mine for 40k. And love it!

What’s out there? Also is there a certain park your referring too? Thanks for reply as well , I hope what cash I bring can help get me in to something nice.

 

[Rondog4405]

What’s out there? Also is there a certain park your referring too? Thanks for reply as well , I hope what cash I bring can help get me in to something nice.

Lakeside area in parker is deeded land. Alot of good deals there. Do a search on realtor.com for parker.

 

[Kachina23]

Lakeside area in parker is deeded land. Alot of good deals there. Do a search on realtor.com for parker.

sounds good , gonna start searching and researching. Thanks for all the info.

 

[boatnam2]

What’s out there? Also is there a certain park your referring too? Thanks for reply as well , I hope what cash I bring can help get me in to something nice.[/QUOTE

The only place you can get deeded land with or without a mobile home in your range is going to be lakeside, even buckskin valley which was pretty cheap few years ago is 100k plus now but does have a least river access unlike lakeside 1-5. My brother has a nice place in lakeside 2 and he lov

sounds good , gonna start searching and researching. Thanks for all the info.

Did a long story on deeded land, lakeside, buckskin valley and all but decided you will figure it out and deleted it, for me I payed 17k cash with golf cart, waste 550 a month on space lease just like every other camper but I'm ok with it when i sit on my couch and look at the river and boats going by all, if and when i decide to sell it when i retire i will be fine if its worth 5k or 30k. Horrible investment with money but a pretty solid investment on memories. Now if you got 400-500k to buy something on water, that is a different story.

 

[Kachina23]

Did a long story on deeded land, lakeside, buckskin valley and all but decided you will figure it out and deleted it, for me I payed 17k cash with golf cart, waste 550 a month on space lease just like every other camper but I'm ok with it when i sit on my couch and look at the river and boats going by all, if and when i decide to sell it when i retire i will be fine if its worth 5k or 30k. Horrible investment with money but a pretty solid investment on memories. Now if you got 400-500k to buy something on water, that is a different story.

That’s how I’m thinking, comfort more then an investment . I don’t wanna flip it or rent at all . Just want to be able to go whenever and have all my toys waiting for me there . If that makes sense. Lol

 

[24ultra]

Awesome!!! Quick question, how long do they finance and up to how much do they finance? Thanks

I was going to do a 30 year conventional loan on approx 150K. It was a trailer on a double lot in Topock. I’m not 100% on all of the details, but that was with 10% down. Trailer had to be newer than 1976 I believe and on a permanent foundation.

 

[Kachina23]

I was going to do a 30 year conventional loan on approx 150K. It was a trailer on a double lot in Topock. I’m not 100% on all of the details, but that was with 10% down. Trailer had to be newer than 1976 I believe and on a permanent foundation.

Got it thanks for all the info!!!

 

[boatnam2]

That’s how I’m thinking, comfort more then an investment . I don’t wanna flip it or rent at all . Just want to be able to go whenever and have all my toys waiting for me there . If that makes sense. Lol

Makes total sense to me.

 

[cofooter]

sounds good , gonna start searching and researching. Thanks for all the info.

Go to Robert Gory or David Plunkett website and search "Up River" or "River Access". They deal with deeded land on Az side. Basically deeded land is Marina View (across from River Reflections) all the way north. Lot of communities in there.

 

[Wheeler]

Go to Robert Gory or David Plunkett website and search "Up River" or "River Access". They deal with deeded land on Az side. Basically deeded land is Marina View (across from River Reflections) all the way north. Lot of communities in there.

Or he could talk to Whitey about his trailer. As I recall he said if someone gave him 150k he would be out by morning.

 

[cofooter]

Or he could talk to Whitey about his trailer. As I recall he said if someone gave him 150k he would be out by morning.

I never asked him if it was advertised (aside from the tacky for sale sign out front - lol). I don't think he has it listed. We could sure hook him up..........

 

[Wheeler]

I never asked him if it was advertised (aside from the tacky for sale sign out front - lol). I don't think he has it listed. We could sure hook him up..........

I've offered multiple times to take a day off and help him finish the siding.

He's been here so long he's now a Parkabilie.
I don't think he's going anywhere. We need to call his bluff!

He said he's going to list it when he goes to H.B. for work.

 

[cofooter]

His level of bitching has certainly increased, he may take $100K by now......

 

[Wheeler]

His level of bitching has certainly increased, he may take $100K by now......

He's been offered 140k and told 'em to pound sand.
He said he's going to park truck 20 over at Ray Games house.

 

[Wheeler]

His level of bitching has certainly increased, he may take $100K by now......

He needs to move in with Poooch!

 

[Kachina23]

Go to Robert Gory or David Plunkett website and search "Up River" or "River Access". They deal with deeded land on Az side. Basically deeded land is Marina View (across from River Reflections) all the way north. Lot of communities in there.

Copy that!!!! Thanks for the input as well . Hope I’m in for summer !!!!!

 

[Wheeler]

Copy that!!!! Thanks for the input as well . Hope I’m in for summer !!!!!

Get hold of Dino Gory.

When a friend had me go look at a house for him, Dino steered me away and showed me one that was perfect for my friends.