California Mobile Home Flipping Newbie Question
So I unexpectedly ran into a motivated seller of a mobile home attached to land in Ontario, CA. He is selling for $20k cash and without going through an agent. He said his parents moved in with him and and dont want to keep paying rent on an empty property anymore and just wants to get rid of it asap. It is 1900sqft and comps show that similar properties have sold for $83-over $100k, depending on condition. This is a large mobile home park for 55 and up. Based on my walk through, it appears to need mostly cosmetic rehab work.
Main issue so far is with property manager. The property manager doesnt even know what “flipping” means. He said I can own the house but to live there, the lease has to be signed by a 55+ person. He said ok intially then changed mind and he said he will ask corporate. 1 week later, he said he hasnt heard from corporate. I dont think I will be going anywhere with the property manager. Corporate is Cabrillo Management. Not sure if anyone here is familiar with them.
My question is, is it possible to go through flip without property manager being aware? I can have an older person (parent) talk to manager about lease and buying a home there and if all goes well, have it leased by my parent?
This is my very first possible flip. I wasnt thinking about flipping but it seemed to be such a good deal. If purchasing without an agent, should I have real estate attorney do all the paperwork? Anything else I need to know?
