So I have been renting a mobile home on about an acre for the last 3 years.. The trailer will not make another winter and needs to be replaced,, I do all the fixing myself, I am pretty good friends with the landlord. I love the location and really want to be there for the foreseeable future.. The land is part of a pasture but is about an acre fenced off where I live. I wanna buy that little acre of land and move a new mobile home or modular or something nicer.. I live in Southeast Minnesota.. My question is; how would I go about this.. Just talk to my landlord more? And are home manufacturing places the only or best option for the purchase. Just kinda wanna get this rolling.
Thanks
Land and single home
Re: Land and single home
I am in a similar situation. I am trying to buy the land that I currently live on and replace the current home with a new manufactured home. I have been approved for a perm loan but the issue I have is that the manufacturer requires a construction loan before I can order and they build. I am trying to find out if there are any construction loans I can get that will allow me to order my home? Didn't realize this would turn into such a headache
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Re: Land and single home
The process is called "subdividing", and you would need your landlord to go through that (requires a survey and some other things) before they could convey the new separate title to you. The process could be more complicated if the landlord has a mortgage.
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