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Updated over 3 years ago on . Most recent reply

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Zoie Holley
  • Rental Property Investor
  • Columbus, OH
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Buying first mobile home

Zoie Holley
  • Rental Property Investor
  • Columbus, OH
Posted

So I’m new to investing and I’m buying my first mobile home to live in, renovate, then eventually resell (hopefully within a year) what are something’s I should ask before making this purchase?

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Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
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Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
Replied

@Zoie Holley If it's a used mobile home (not a new one), you'll have to be sure to inspect everything. Ask the seller what types of maintenance items (if any) have been done over the years. Things you'll want to get checked include: the roof, heating and air conditioning, plumbing, subfloor (check for soft spots), siding and skirting. 

Apart from the home itself, you'll need to make sure you can get a clear title. Check with the seller to see if there's a mortgage on the home. Ask if taxes are paid up. Usually, they will have a folder for the home with all of the paperwork on it. 

Once you figure out if the home is one you'd like to buy, then it's all a matter of paperwork. You may want to talk to the local government entity in charge of titling and re-titling mobile homes in your area to find out information about the process and what's involved. 

Hope that helps! 

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