All Forum Posts by: Rachel H.

@Rene D. I've been through a flood with the mobiles I've owned. They were located in a park. Unfortunately, the owners decided to sell as they did not have the money or resources to pay and fix the damages done to the park. 

If you're going to buy a park in a flood zone, prepare for the worst. Get to know the history of floods in the area. Know how often floods have happened in the past. In my situation, it was every 15 years which I found out by talking to contractors and residents living in the area. 

As for cost, it would depend on the size of the park and location. It's best to check with your local manufactured housing association. They may have a few referrals of vendors who can help give you quotes. 

Hope that helps! 

@Pamela Perkins Phillips You can try mobile home parks and local mobile home dealerships. Both I've found to be good sources of information for market insight and referrals. 

Another option is to focus on an area or two and look at mobile home subdivisions to find mobiles on land. 

Feel free to DM, if you have any other questions. Hope that helps! 

@Joseph Fernandez You may want to check with your local manufactured housing association. They may have a few referrals of vendors who may be able to help. Hope that helps! 

@Ryan Muska Definitely look at the history of the park in terms of infrastructure. I'd ask to look at past invoices from contractors of work done (i.e. plumbing, landscaping, electricity, etc). 

This will give you an idea of expenses paid on a regular basis. Typically, you'll have costs associated in this category when taking over a park. It's best to see what you're getting yourself into beforehand. 

Hope that helps! 

@Joe Pifer It's best to check with the government entity in your area in charge of titling and re-titling mobile homes. Usually, they administer the licensing part of things when it comes to buying and selling homes as a business. 

In most cases, this is usually applicable to businesses that do it in volume like mobile home dealerships. Usually, if you do one you should be OK as this allows homeowners to sell their own properties. 

If you plan to buy and sell regularly, it's best to look at the requirements you'll need. Usually, it's just a matter of paperwork (i.e. paying a fee, education, etc). 

Hope that helps! 

@Dustin Seager Check with your local manufactured housing association. They may have some referrals. 

Also, you may want to talk to some real estate agents in the area who actively list and sell these types of properties. They may know some lenders who may be able to help. Local banks and credit unions are another avenue to check to see what your options are. 

Lastly, private lenders and hard money lenders are other options to look into. Many investors I know finance a quick sale using hard money lenders and refinance later with other lenders. 

Just a few ideas. Hope that helps! 

@Joshua Morton I'd do more research in the area to see if there's a demand for affordable housing specifically mobile homes and lots. You'd have to make sure there are people willing to buy these types of homes and lots, if you go that route. 

Also, check the zoning on your land to see what else you can and cannot do with it especially if you plan on putting mobile homes on top of them or subdividing to sell mobile home lots. Usually, it's just a case of talking to the zoning department giving them the property address and legal description so they can look things up. 

If you need more resources in this area, feel free to DM if interested. 

Hope that helps! 

@John Stepp Usually, it's either through an assignment of contract or double closing depending on the investor. Personally, I usually just assign my contracts when wholesaling which is what I've been doing lately for my mobile home investing business. 

Hope that helps! 

@Humberto Valle You'd probably have to check with the zoning department where the land is located to see what you can and cannot do with mobile homes. Usually, it's just a matter of giving them the property address and legal description so they can look things up.

Also, in many locales you can set an appointment with someone in the zoning office if you'd like to talk to them in more detail. 

Hope that helps! 

@Jt Marting Yes, I know many investors who've done this in the past. In order to be successful at it, many have the money (usually working with partners) to put in the infrastructure and also the network contacts to get the project done from beginning to end. 

If you're interested in doing something like this, I have a few resources. Feel free to DM, if you'd like to check them out. 

Hope that helps!