Wholesaler in PA with possible mobile home deal?

Question

Hello everyone! So about 2 weeks ago I sent out postcards as a means to find some wholesale deals. I've had a few hits so far, but the one I am the most uncertain on is a guy that emailed to tell me he has to move to Colorado and has to sell his 1979 trailer home. what sorts of information do I need to be thinking about/asking about when I call this guyto discuss things, besides whether he owners the land versus renting the lot he lives on from somebody else. I heard a podcast from a while ago with a super-high energy wholesaler who said his first deal was a trailer home, but didn't really give information about why he likes those deals so much. Anybody doing much with these and can provide me with some insight? Thanks!

Account Closed · Answer

you might check with @Andriy Boychuk if he can direct you on anything as I know he is in mobile homes and looks at deals in PA

Andriy Boychuk · Answer

@Chris Jackson where is it in PA?

I am not sure I understand your plan. You want to wholesale it or buy, remove traler and sell the land?

Account Closed thank you

Vernon Miller · Answer

Yes

Vernon Miller · Answer

A 1979 HUD decaled home would not be worth that much regardless if it's in perfect condition.

I make it a rule of thumb not to buy or invest in any model older than a 1990.

Wiring, plumbing, Windows , and construction is going to be old school and the value is just not there.

Unless the value is in the dirt and location , I won't loose any sleep over it.

Andriy Boychuk · Answer

@Chris Jackson I got you now :) I did not wholesale any mobile homes. A majority of people who wants to buy a MH does not have enough to pay cash for the older trailers. A bank will not finance 1917

Chris Jackson · Answer

I think you don't understand my plan because I don't have one yet. I'm just trying to wrap my mind around how to wholesale a trailer home and what sorts of pitfalls I should be aware of before wasting my time driving out to see the thing. it's am older home, so I was sort of assuming my only orion would be to wholesale the deal based off of the land value alone.

Chris Jackson · Answer

Could anybody give me a little information on the HUD you're talking about? What is a HUD label? Any idea how much one might make off of scrapping it?

Rich Ferradino · Answer

I would ask about condition of the home and the tax status. It will cost about 2-3k just to move the home. If it has a HUD label I'd ask for that and pull it up on the state's manufactured housing website. I've heard about paperwork you can file for abandonment and later sell it as scrap.

Chris Jackson · Answer

I was assuming it would be a tear down, so only worth my time if he owns the land and it would be worth the price just for the land alone. sound about like what you're saying?

Wholesaler in PA with possible mobile home deal?

Wholesaler in PA with possible mobile home deal?

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