Posted by Ernest Tew on January 08, 2002 at 05:38:50:
Kenny, assuming your credit is reasonably good, it sounds like a logical source of financing would be the banks that you are buying the mobile homes from.
The next time they offer to sell you a mobile home, just tell them that you will buy it if they will finance all or a reasonable part of the price.
Then, instead of selling the mobile home, set the transaction up as a net lease with an option to buy. Get a reasonable down payment from the customer in the form of option money.
This will solve a lot of the tax problems, as well as financing. The net lease income you receive should, of course, be more each month than your loan payments, providing you with a positive cash flow.
If you need any of the forms, please send me an e-mail.