Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Eric F.

Eric F. has started 33 posts and replied 409 times.

Post: Bandit Signs

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

@Marc Faulkner 

 one or two sided? I ordered 100 1 sided we buy mobile homes signs from dirtcheapsigns.com for 188 shipped

Post: North Carolina (NC) Meet: Raleigh, Cary, Apex, Chapel Hill, Durham

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

I hope to be there. I am not 100% but I think I should be able to make it.

thanks

Eric

Post: What do I need to look at when it comes to moving a doublewide?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

Yep, its a bummer. The $5,000 I was working off was just to move it. None of the other factors were included in what I thought. Lesson learned I guess (at least not with my wallet hah)

Back to looking for more I don't have to move I guess

Post: What do I need to look at when it comes to moving a doublewide?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

The most recommended mover in the area just quoted me ~5,500 to get the thing moved, and with permits, set up, getting the electrician and plumber out, and all that, possibly 10k total.

So I am out of this deal. Forget moving them I guess 

Post: What do I need to look at when it comes to moving a doublewide?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

@John Arendsen The park I am considering I have a good relationship with the owner. I have two homes there already. We did discuss a move in credit a while ago and she told me she would be agreeable to one, but now we will really see if the owner and I come to an agreement. 

Honestly, this deal is not super great the more I think about it but I will make some money on it. If the seller accepts my offer and my final moving quote is where I think, plus I get move in credit, I will be fine with it, but I'm not going to be heartbroken if it falls apart either

Post: Valuation of a MHP?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

Connecticut might be expensive. The nice parks near me charge 350ish, including water/sewer/trash. Kate, who pays the water/sewer/trash at the park you are looking at?

Post: Where to find mobile homes with land?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

Neither of those sites have anything which fits the model @Curt Smith shared at the moment. I will keep checking.

I do have a decent lead on a few doublewides if another investor I know is not interested so maybe I will have a success to share soon.

Post: Where to find mobile homes with land?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

@Curt Smith that is really smart about renting first.  What do you usually end up selling your homes for?

I am looking on auction.com now. My buddy had a big success on auction.com . He wanted to buy a house to live in and found one he liked in foreclosure. He went and offered the bank about 120k, they said no, then 5 weeks later he bought it on auction.com for 83k haha. Good job bank!

Post: Where to find mobile homes with land?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

My father and I are thinking about buying some mobile homes with land for cash at a large discount, fixing up the homes, and selling them owner financed. I have bought a couple of homes in parks, but we have not done this before. Where do you guys get your leads? I bought a list of 250ish absentee mobile homes with land from listsource and am going to mail to those. However, they only had 250 for my entire large county so that seems really low. What else do you guys do? Auction.com? MLS? Bandit signs?

Post: What do I need to look at when it comes to moving a doublewide?

Eric F.Posted
  • Real Estate Investor
  • Raleigh, NC
  • Posts 427
  • Votes 297

I offered 11k but I told her it was contingent on being able to move it for what I thought it would cost (5k or less). It is a 2004 3 bed 2 bath doublewide in immaculate condition. By far the nicest trailer I have ever been in. 

It might not be as good a deal as I thought. I was thinking I could owner finance it for 24k or so, but I am not positive yet (though I probably can).