All Forum Posts by: Rachel H.

@Ben Tunkel You may want to check with surrounding mobile home parks and mobile home dealerships to help spread the word. Also, local mobile home supply stores are also a good place to get your message around to those familiar with the industry. Hope that helps! 

@Gene Babb Thanks for sharing your story. Congrats on the deal! 

@Isaiah Carrasco I've seen it work in other mobile home parks which are established and are using smaller lots which are unused. Though, these types of parks tend to be closer in to the city which makes it easier in terms of marketing for future residents. Hope that helps! 

@Daniel Sharma Definitely look into the major things of the home including: roof age, plumbing, hot water heater and air conditioning unit. Even with rehabbed homes, some of these things are overlooked. Good luck! 

@Jeramie Jazikoff You'll probably have to bring in a partner or private lender to do the deal. Another option would be to ask for owner financing. Hope that helps! 

@Matt Heidenfelder You may want to check with mobile home dealerships in your area. They are always working with financing companies. Also, talk to your local manufactured housing association. I've found both to be good sources of information and referrals as a mobile home investor myself. Hope that helps! 

@Christine Sommer I have experience buying and selling mobile homes as well as wholesaling mobile homes. Feel free to DM with any questions. Hope that helps! 

@Brant Graves Feel free to send me a DM. Would be interested in hearing what you have available. Thanks! 

@Mike Duerkes If the home is occupied, I'd be cautious about looking inside. Most investors drive by properties they intend to bid on and calculate the worst case scenario to arrive at their bid price and maximum price. Good luck! 

@Debbie Nunez You'd have to do a full market analysis in terms of purchase price and rents in the area. This involves visiting multiple parks and talking with park managers, mobile home dealerships and others who work in the industry locally in your area. 

Regarding the home itself, you'll have to do a walk through of the home to determine what (if any) needs work and/or replacing in the near future. Items to watch out for include: plumbing, roof, flooring and siding outside. Also, if the heating and air conditioning and hot water heater have not been replaced lately these will be costly items in the future to replace. 

Once you determine what needs to be fixed up and/or replaced, then you'll compare with your market analysis to determine a price you're willing to pay for the home depending on your exit strategy. 

Hope that helps. Good luck!