Moblie Home Help

[Adam Bartomeo]

I have a 992 3/2 w/ carport that is price very low. It is in a mobile home park where the rent is $432. I can probably get $600-$700 in rent. Here are my questions:

What other expenses will there be?

How do you take title? Is it the same as a house?

Any other insight would be appreciated.

[Mark Elliott]

hi adam. basically, a mobile home has a title just the same as a car. a house has a deed, a legal description for the land at the county court house, etc. the mobile home is titled like a car and is recorded at the state level, much the same as any motor vehicle. what you need to watch out for is the park that it sits in. what you are talking about doing is called subleting. some parks do not allow it. they will not let you own a mobile home in their park and rent it out to someone else. you need to check with the park on that one first.