All Forum Posts by: Andriy Boychuk

@Ken Rishel You are right, I was not trained to read NADA reports. I based my opinion only on the price I saw on the report and the actual mobile home. NADA price was around $7k but the actual value of the mobile home was less than $0 and I mean it.

The biggest question is do you really need the course to know how to value mobile homes or you can get it from experience?

@Stan Kyle If you want to own rental property, you can rent. However, many parks required owners to live there. Also, it is little bit more work to maintain a mobile home. The owners can seller finance to you but you not allowed to seller finance to others due to the Safe Act and Dodd-frank.

@Erika Leal you can buy mobile homes on auction for pennies because they are not popular. However, you should look for liens. I believe if I am not wrong, the lien stays with the mobile home even after the auction. 

@John Fedro what do  you know about auctions?

@Shelli Callan I do not a person who use NADA to price used mobile homes. NADA based prices on the mobile home model and manufacture. In general nobody cares about used mobile home model and manufacture. We look at the size of it and condition. Also, the price depends on the market. 

I agree with @Gita Faust . However, the downside of Quickbook is the setup. It is not extremely hard but if you do it the first time you need QuickBooks consultant.

@John Fedro just mentioning you here because previous "@" were not active. Please see @John Jacobs  questions

@Joel Schafer I am not in Indianapolis but you can feel free to IM me or ask question here on the forum. 

@Steven Wiltz can you share approximate cost and materials you use?

Thank you for the info

An assumption kills sometime :)

I used the form word but I ment an application (rental application). We have paragraph about the background check in our rental application and a tenatn signs below.

@Lane Register The credit score is not very important in our industry unless the tenant wants to buy a new home. @Jeffrey H. had the good point in his response.

Here are criteria that we are looking for:

• occupation 
• length of occupation
• references (personal, professional and landlord)
• If the tenant gave you permission (check your local laws about it as @Jeremiah Stephen adviced), you can check criminal records, liens, bankruptcy, unpaid bills and judgments. We use TLO service by TransUnion.

@Lane Registerundefined