There are likely going to be passionate investors on both sides of the fence supporting or condemning the idea of keeping a seller inside of his or her property after you have bought it. This is mentioned because it is important to remember that you always have free will. Ultimately the choice will be yours when you are presented with the situation, do you keep a seller inside their property after it sold to get the deal done? Do you agree to let them stay or demand the property be vacant as soon as you pay them for their home?
We all have learned to not judge a book by its cover, however people make snap subconscious decisions based on your outward appearance and the clothes you wear all time. While there are many reasons a mobile home seller may not choose to do business with us, let’s not have our wardrobe choices be one of these reasons.
In this article, we will be using the terms NADA value and Bluebook value interchangeably. Below is a short list of some common times when determining value may or may not be required.
The great state of Texas is known for doing things a bit different than the rest of the country. In similar fashion, transferring a mobile home from buyer to seller is handled very differently in Texas than in any other state. If the mobile home sellers have clear ownership then be prepared for a streamlined and typically easy process moving forward while closing.
Common title problems arise due to a title being lost, the actual owner on title not being present, the title is missing and the current seller has not yet put the title into their name from when they bought the home, and multiple other situations due to common human faults such as laziness, ignorance, and frugalness.
Whether you are a mobile home investor, mobile home owner, or general mobile home aficionado, you will need to know what manufactured home skirting is and your options. This article is primarily for mobile home investors, however the tips and instructions certainly apply to any mobile home.
Why will many park managers help you? Not all park managers will instantly welcome you into their community with open arms, however the vast majority of community managers will be open to the possibility of working with you and giving you a chance to invest in an individual mobile home inside their community.
The bullets below reflect some of the reasons and considerations to ask yourself prior to moving any mobile home for investment purposes. 1. Zoning and Permits: City and county rules vary from location to location. In some areas you will be able to move a mobile home with very little red tape and very little restrictions.
Almost all the mobile homes I have purchased that were FREE or for $1.00 were negotiated down from a much higher original asking price. If a seller is willing to give away their home for free then it is likely because nobody else is willing to step into their shoes and take on the responsibility of owning this headache mobile home. Either way there are a number of things to consider before jumping into any free mobile home opportunity.
Over the years I’ve been fooled many times. Some of these errors have been costly, and every single one has been valuable as a well-learned lesson. Sometimes even goodhearted mobile home sellers can do things that may seem frustrating or downright malicious. Below is a short list of 4 ways mobile home sellers will/may occasionally mislead you while you are trying to purchase their unwanted mobile home property.
In the past month I popped my commercial real estate investing cherry. I am now the proud co-owner of 100+ lot mobile home community. The journey to this point of my career has been a fun, profitable, and challenging one for sure. Some things I have planned for and other surprises have completely caught me by surprise. Below is a list of 4 positive unexpected things recently learned while owning my first mobile home park.
Welcome back, Over the past week there were so many mistakes made in my business during…
Below is a short list of some of the coming activities we’re going to implement to help achieve our goals. Mission objectives are to build trust, pride of ownership in every resident, and create a community atmosphere. 1. Community Meetings: The first major effort to get to know the residents and make this park feel like a source of pride is to get the community on board with new park improve…
Most investors that buy, hold and/or resell mobile homes typically will do so concerning mobile homes on owner-occupied land or inside of a preexisting mobile home park with rented land. In this article we will be discussing the latter type of mobile home.
Welcome back, Over the past decade investing in mobile homes, I have kicked myself for…