Mobile Home with No Title.

Mobile Home with No Title.

Investor · Wilson, NC · Member since 2011 · 34 posts · 11 votes

Long time no see BP, missed you guys so much I have decided to jump back into the real estate game. I recently put out some Bandit Signs and I have a few hits. One is a gentelman who owns a doublewide that is in need of some major work. So I go out and take a look at the place and start asking him the necessary questions. Turns out there is no Title on the mobile home. He states that he purchased the home from a "friend" from work but she never gave him title. This seems really fishy BS detecter went up quickly. Should I pursue this deal, I have a buyer that would be all over it. Getting back in I am kinda pressing to get a deal so I can really get back up and running. 

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  • Investor · Roanoke, VA · Member since 2012 · 1k+ posts · 374 votes
    11y

    in virginia you can go to the dmv and get title 
    good luck @Dwaun Elam

  • Investor · Wilson, NC · Member since 2011 · 34 posts · 11 votes
    11y
    Originally posted by @Mark Brogan:

    in virginia you can go to the dmv and get title 
    good luck @Dwaun Elam

     Thanks Mark for the response I will look into that. 

  • Dev HornPro Member
    Flipper/Rehabber · Arlington, TX · Member since 2013 · 1k+ posts · 2k+ votes
    11y

    In most cases, I would say:
    MOBILE HOME.... Run!
    NO TITLE... RUN FAST!!

    But if you have a buyer who might be interested, it could be worth advising the guy on how to get the title.  But I wouldn't invest much time on this one...

  • Wholesaler · Powder Springs, GA · Member since 2013 · 516 posts · 143 votes
    11y
    Originally posted by @Dev Horn:

    In most cases, I would say:
    MOBILE HOME.... Run!
    NO TITLE... RUN FAST!!

    But if you have a buyer who might be interested, it could be worth advising the guy on how to get the title.  But I wouldn't invest much time on this one...

    So other investors run. That tells me that you will have the only offer I. The table. Better for you. 

  • Investor · Wilson, NC · Member since 2011 · 34 posts · 11 votes
    11y

    Thanks @DEV Horn and Mike Watkins for the feedback. 

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