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All Forum Posts by: Miriam Seidel

Miriam Seidel has started 8 posts and replied 36 times.

Post: Any mobile home investors out there?

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

The biggest obstacle is the staff and/or owners of the community that you are looking to buy in. All they care about is the lot rent. You'd think they would care about upgrading a property to make the park look nicer, but it's an afterthought for them. I suggest finding a community that doesn't already rehab their own park-owned properties for sale, and creating a good relationship with them. So, when they take back a property, you are the first they will call to purchase it from them. MHCs are very political, and have grudges with other MHCs. If an owner knows you are working a community that they have a beef with, you are now on their no-list.

On the average, adult only/retirement communities, have more great buys, due to people passing away or going into assisted living. However, most park's rules state that you must be 55 to buy. And, on that note, all-age family communities have fewer available, but can usually sell for more once re-habbed.

Lastly, Very Important, whoever is going to do the rehab work MUST be expert in mobile home work and mobile home roof, carport, and floors. If your handyman has never done mobile homes before...run away immediately and find someone who knows mobile homes. They are more difficult to rehab. For example, not a good idea to use regular tile on floors (mobile homes "breathe" with temperature and humidity changes), best to use vinyl tiles that have beveled edge and grout with special pre-mixed grout especially made for these tiles or vinyl wood planks that "float" and leave half inch gap at the walls....same with carpet, need to leave half inch gap at walls, otherwise carpet will buckle and need re-stretching. Also, need someone that doesn't mind getting underneath the home to work on plumbing, a/c, leveling, etc. Very tight spaces - need someone that can fit underneath and be able to do the work (otherwise, have to open floors to do plumbing repairs). The first two things to check when looking to buy a rehab mobile home is the roof and the sub-floors. If there are "soft spots" in the floors, this means there was water damage, and the particle-board sub-floor is toast. So, this means adding these high costs for replacing into your budget. If you buy a place for $1K, and roof and floor cost $10K, plus a couple of months lot rent, taxes, closing, utilities, you are at $14K in so far, before even updating anything else. Can you sell for a profit, if the surrounding homes sell at $15K or less?

There are also insurance issues to consider. Many insurance companies that do mobile homes, will not insure if it was built earlier than 1977 (40 years old), hence why they don't re-sell at very high prices, no matter how beautiful you make it. The new buyer has to be ok with not being able to insure.

Post: Vacation / Investment property in FL Resort Community

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

Calling All Snowbirds - This one's for you!

Roomy 2 Bedroom Park Model in Premier Resort Community
----- Thousand Trails / Encore Resort -----
(3rd Bedroom Option for additional guests)
Comes Furnished and includes a Huge Storage Unit -
- use it for golf cart, motorcycles, workshop or just storage.
and just steps away from the off-leash dog park!

Asking $19,888 to purchase the mobile home property inc shed

$ 549/month lot rent - includes unlimited water/sewer & lawn cutting
(optional $25/month cable additional)
.....electric is additional (billed thru community at bulk rate -lower than FPL)

Located in Sunshine Holiday Daytona Resort Community.
***** located in Ormond Beach - next town north of Daytona,
and is next to "Destination Daytona" & Harley Davidson Showroom.

- Dog Friendly w/it's own off-leash dog park in the community
- Heated Pool Year-Round
- Tennis/Pickleball Court
- Mini Golf
- Shuffleboard, Horseshoes, Bocci, Volleyball, Basketball & more
- Activities like bingo, cards, crafts, etc.

10 minute drive to beach at Ormond
15 minutes to dog-friendly beach at Flagler

A great opportunity to enjoy first-class Florida living---
at a fraction of buying a stick built home.

Run-the-numbers - can snowbird vacation
in Florida at a first-class resort for next to "nada"!

Questions or to view, call Miriam--
If you are not familiar with mobile home living in a
community, i am happy to go over all details!

386-481-7826 cell/text

[email protected]

Post: Vacation / Investment property in FL Resort Community

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

Calling All Snowbirds - This one's for you!

Roomy 2 Bedroom Park Model in Premier Resort Community
----- Thousand Trails / Encore Resort -----
(3rd Bedroom Option for additional guests)
Comes Furnished and includes a Huge Storage Unit -
- use it for golf cart, motorcycles, workshop or just storage.
and just steps away from the off-leash dog park!

Asking $19,888 to purchase the mobile home property inc shed

$ 549/month lot rent - includes unlimited water/sewer & lawn cutting
(optional $25/month cable additional)
.....electric is additional (billed thru community at bulk rate -lower than FPL)

Located in Sunshine Holiday Daytona Resort Community.
***** located in Ormond Beach - next town north of Daytona,
and is next to "Destination Daytona" & Harley Davidson Showroom.

- Dog Friendly w/it's own off-leash dog park in the community
- Heated Pool Year-Round
- Tennis/Pickleball Court
- Mini Golf
- Shuffleboard, Horseshoes, Bocci, Volleyball, Basketball & more
- Activities like bingo, cards, crafts, etc.

10 minute drive to beach at Ormond
15 minutes to dog-friendly beach at Flagler

A great opportunity to enjoy first-class Florida living---
at a fraction of buying a stick built home.

Run-the-numbers - can snowbird vacation
in Florida at a first-class resort for next to "nada"!

Questions or to view, call Miriam--
If you are not familiar with mobile home living in a
community, i am happy to go over all details!

Post: Calling All Snowbirds - Vacation Rental Use It and/or Rent It!

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

Calling All Snowbirds - This one's for you!

Roomy 2 Bedroom Park Model in Premier Resort Community
----- Thousand Trails / Encore Resort -----
(3rd Bedroom Option for additional guests)
Comes Furnished and includes a Huge Storage Unit -
- use it for golf cart, motorcycles, workshop or just storage.
and just steps away from the off-leash dog park!

Asking $19,888 to purchase the mobile home property inc shed

$ 549/month lot rent - includes unlimited water/sewer & lawn cutting
(optional $25/month cable additional)
.....electric is additional (billed thru community at bulk rate -lower than FPL)

Located in Sunshine Holiday Daytona Resort Community.
***** located in Ormond Beach - next town north of Daytona,
and is next to "Destination Daytona" & Harley Davidson Showroom.

- Dog Friendly w/it's own off-leash dog park in the community
- Heated Pool Year-Round
- Tennis/Pickleball Court
- Mini Golf
- Shuffleboard, Horseshoes, Bocci, Volleyball, Basketball & more
- Activities like bingo, cards, crafts, etc.

10 minute drive to beach at Ormond
15 minutes to dog-friendly beach at Flagler

A great opportunity to enjoy first-class Florida living---
at a fraction of buying a stick built home.

Run-the-numbers - can snowbird vacation
in Florida at a first-class resort for next to "nada"!

Questions or to view, call Miriam--
If you are not familiar with mobile home living in a
community, i am happy to go over all details!

386-481-7826

Email: [email protected]

Post: First Time purchase questions

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

If you are going to use it yourself, you would have to rent it out as a vacation rental...a very different animal than a long term rental. In state of FL, any rental less than 6 months requires charging "bed/tourism/state/county" tax. And, cleaning/linens/towels/etc. fees need to be included in your running the numbers. I find that condos tend to be very risky investments, due to HOA fees can change whenever and to whatever they want to charge. When a there is a real estate downturn, condos are the first type of housing that gets sold, and when there are many empty units, the HOA ups the monthly fees to compensate for the non-revenue of the "foreclosed" units. Also, if renting as a vacation rental, is there an office staff that focuses on renting out for you? for a commission fee of course. If so, how do you know they will offer yours before others?

One idea, if you don't have to be on the beach, look into park model mobile homes you can buy in an rv resort. Most have no problem letting you rent out. Alot less $ output per unit to buy, with lot rent paid monthly to the community (cause you don't own the land). You can offer lower rental prices to be competitive, and won't have as much competition, and still make about the same income.

Post: Mobile Home Park Deal Analysis

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

In Florida, it's $5K to move singlewide, $10K for doublewide.

If it's a park model, may be less.

Some won't move anything older than 80's make year.

Post: Turn Key Furnished Manufactured Home in Gated Adult Community

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

Lot Rent is $764/month & inc lawn watering, lawn cutting & manned gated community

with many community amenities & activities. This is a very active senior 55+ community -               even in the off-season there are a couple things happening every day.

The home is 1990 and in excellent condition.

Yes, you can rent - call me for particulars: 386-481-7826

Post: Turn Key Furnished Manufactured Home in Gated Adult Community

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

TRULY MOVE-IN READY!
Everything Included: High End Furniture, All Appliances, Dishes, Glassware,
Flatware, Cookware, Dishes, Bowls, Linens & Towels, Wall Art & Décor,
Propane Grill & Cover, and even a few Bicycles!

----- Come and just RELAX! -----

55+ Community - The Falls at Ormond

- Corner Lot
- Clean and updated
- New carpet, flooring & sub-floor.
- Ceiling fans throughout
- Water View from the Lanai
- Neutral Décor w/High End Furniture
- Roof only 6 years young
- Comfortable Walk to Clubhouse
- Small Dogs Allowed
- Guard Gated Community
- 5-Star community amenities
- Shopping, Restaurants, Doctors within a mile
- Just 5 Miles (10 Minutes) to the Beach

A great lo-cost rental investment.

Call Miriam to discuss details

386-481-7826

Post: Double Wide 55+ community Home - allows long-term rentals

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

This home is move in ready and offers 2 bedrooms, 2 baths and is in the beautiful Pickwick Village Senior park.

This bright and sunny home is fully furnished and offers an enclosed Florida room with new energy saving windows.

Home features to include refaced kitchen cabinets, new kitchen countertops, stove, refrigerator and washer/dryer

New flooring in spare bedroom, as well as tile floors in bathrooms and newer windows

This is home includes panel walls, hard panel ceilings, storage shed, gutters, ceiling fans, central air, gutters and carport.

Oh…. and did I mention this home is on a perimeter lot with a private back yard and is close to the clubhouse and year-round pool

I have a recent 4-point inspection report. Long term rentals are allowed - the community will

do the background check and income verification for you, at the renter's expense.

Lot Rent $710/month includes: water/sewer/trash/lawn cutting & basic cable.

Best way to make most profit as a rental - split into (2) 6 month seasons: high & low.

High Season Nov-Apr - $1200-$1500/month rent (Feb & Mar are $1500 -'cause of Race & Bike Weeks)

Low Season May-Oct - $1100/month rent

If you are not familiar with a manufactured home community dynamics,

feel free to contact me for more details. 386-481-7826 or Email: [email protected]

*Note - if emailing, must include your phone# and best time to reach you

Great Low cost investment with good income potential!

Look forward to talking with you! - Miriam

Post: Excellent Vacation Cottage in RV Resort

Miriam SeidelPosted
  • Investor
  • Ormond Beach, FL
  • Posts 37
  • Votes 17

This 1 bedroom cottage is located in Daytona Beach RV Resort. Completely furnished, including a sunroom, carport, additional mini-fridge in the Florida room, pots/pans, linens, storage shed, stereo throughout, and BONUS golf cart included! Just move right in! Sleeps 6 - Queen bed in bedroom & 2 sleeper sofas. Excellent condition! The community pool, clubhouse, event/activities area & laundry room have all been updated. Perfect for snowbirds and family vacations or a primary residence for a single or couple.10 minutes to the Beach or Daytona Speedway. Close to shopping and dining!
Dogs any size OK - (excluding aggressive breeds) / Motorcycles OK.
Lot Rent only $454 per month includes water, sewer, trash, lawn, and free wi-fi

Won't Last - call Miriam - 386-481-7826