Mobile Home Transporting (A How To)
Mobile Home Transporting (A How To) In the world of real estate investing, it seems like the “mobile home” is either viewed as the ugly duckling or the secret weapon by investors alike. There are a lot of pros and cons to mobile home investing, in addition to various strategies and unwritten rules that investors seem to follow. One of the main challenges of mobile home investing is dealing with the lot rent that parks charge which can take a chunk out of your possible rental cashflow. This has promoted many investors to look into moving these homes onto plots of land that they own and are in complete control of. However, how exactly do you move a mobile home? And what rules and regulations do you have to adhere to when deciding to take on this task? This article will cover the ins and outs from start to finish so you’re able to make a wise decision as to whether it’s worth moving your mobile home as well as whether or not it even can be moved. So you’ve found a mobile home that you’d like to move. Maybe you own it in a park and are tired of paying their rent or maybe you met an owner who is looking to clear up space for his new farm project and needs the home off his lot ASAP. Read below to learn about 4 things you’ll need to mark on your checklist before even getting this plan underway.
#1. Can the home be moved? When moving a mobile home, you have to first make sure that the home can be moved without risk of it falling apart during transport. Every mobile home has a HUD Data Plate inside of them,(or should if it hasn't been removed) usually in a cabinet or in the electric panel. If this sheet is missing, you can always order a new one direct from HUD fir around $100. This sheet will give the owner various facts about the home, including the home's wind zone. This wind zone dictates if the home is safe to be moved. Mobile homes with a wind zone of 2 or higher are safe to be moved. Homes with a wind zone of 1 cannot be moved. These homes are usually built pre-1980.
#2. Where will the mobile home be moved to? If you’re going to be moving a mobile home from one place to another, you better make sure you have a piece of land or a lot picked out before you have someone come move it. In addition to finding the space, if you aren’t moving it into a park, you have to make sure the zoning of your land allows for mobile/manufactured homes to be placed there. You will also want to pull a permit(s) from the county for things such as septic and driveway (these vary based on what you plan to do)
#3. Who is going to move the home? One of the hidden challenges in moving a mobile home is actually being able to find someone to transport it. The person moving it has to have a specific license to do so and most of these guys are booked up with jobs sometimes longer than 30 days out. This is why it’s a great idea to plan your move in advance and set yourself up with many reliable contacts who can complete the move for you in a timely manner.
#4. Is it worth paying the transportation cost to move it? The cost to move a single wide here in FL costs anywhere between 3-5k. The larger the mobile home, the greater the cost. If this cost doesn’t make sense in relation to your initial investment and what the home is valued at, it may be worth reconsidering this game plan and leaving the mobile home where it is.
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These are just a few of the main obstacles to consider when moving a mobile home. It’s important to prepare yourself accordingly and have everything go smoothly if this something you are going to embark on. Moving mobile homes onto desirable plots of land can turn out to be very profitable, as the land adds a huge amount of appreciation and value to the mobile home compared to the value of the mobile home unit by itself. It can also be a great way to build cashflow if you decide to rent the home out, whether it be in a park or on your own lot. Moving mobile homes can be tricky but if done right and if the numbers make sense, it can be a great strategy to implement into your real estate investing toolbox. -
Nathan W. Claire via-
“The Property Prince”