@Paul Brown I haven't done a tiny home, I can't say about that. I can do co-living/sober living, the most important thing with those is how the lease is structured. Lender's don't like rent by the room or bed, they like a 1 year master lease.
Josh Trujillo is coming to talk DSCR lending and if you’re not on the call, you’re going to hear about it from everyone who was. DSCR lending is quietly one of the most powerful tools in creative finance, core to Mary Method deals — and Josh is breaking it down live. 📅 Tuesday night. Mark it. Drop a 👑 in the comments if you’re in.
DSCR are typically only for SFR 1-4 units, although SOME lenders will go up to ~10 units. From my experience, investors have had success financing RV Parks or MHPs using smaller local bank/credit unions or SBA loans.
@Paul Brown I’ve seen borrowers have success using local smaller banks/credit unions or using an SBA loan for MHP. For individual mobile/manufactured homes, I can typically do those but not for morby deals.