investing in a Mobile home
hello everyone and if you’re reading this thank you. i have a feeling this is a basic question but will ask anyway.
I have a potential deal where the seller wants to sell me her mobile home but she does not own the land, the land is owned by the park.
is there anything different you would do when it comes to purchasing in a case like this?
@Jon Joro Yes, you'd have to create a relationship with the park manager and/or owner to see if it's OK to buy the home and keep the home there and fill it if that's what you plan to do. If not, you can buy the home and move it somewhere else like another mobile home park, lot or piece of land.
If you have any other questions, feel free to DM me. Hope that helps!
@Jon Joro
make sure you contact the park owner/manager to get approved before exchanging any money due to past tenant could owe back lot rent also the park could be wanting the home gone from the lot so please contact the park first and if everything checks out you are good to go.
happy investing
Quote from @Mark Brogan:
@Jon Joro
make sure you contact the park owner/manager to get approved before exchanging any money due to past tenant could owe back lot rent also the park could be wanting the home gone from the lot so please contact the park first and if everything checks out you are good to go.
happy investing
i passed on it due to the mobile home being considered "personal property" and not "real estate". i appreciate the advice Mark!
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Mobile homes have very little value, the value is always in the land. Once you buy this thing you will have to pay lot fee, anywhere from 300-500$ a month. Don't buy without land
I agree with @Eliott Elias. Don't buy unless you're just buying for cashflow.