All Forum Posts by: Rachel H.

@J Brown I have some resources you may want to check out. Feel free to DM, if interested. 

Hope that helps! 

@Celestino Moreno It's best to check out the home first during the first meeting and get to know the seller. Find out how motivated they are and see what options are available in terms of buying the home. 

If the seller is willing to work with you and seems motivated, then it's just a matter of doing your due diligence and working the numbers. 

As for repairs and condition of the home, if you're not sure be sure to bring in a few contractors (based on what areas need repairing) to get a second opinion. It will help with your decision making process. 

Just a few things to think about. Hope that helps! 

@Michael Powell It will depend on the age and how well maintained the home is as well. Some things to look out for include: roof, hot water heater, floors (soft spots), siding, skirting and plumbing issues. 

With an auction, it can be tough as you may not be able to check out all of the systems. Personally, I would not recommend buying a mobile home for a beginner without being able to check out all of the systems and inspect the home. Usually, it's best if you can check these systems and overall condition of the home before you buy when you're first starting out. 

Another thing to be aware of is being on the same page with the park manager and/or owner. Make sure the home can stay in the park if you decide to buy it and hold. You'll need to be familiar with the application process and procedure when it comes to applying for the community. 

Just a few things to think about. If you have any other questions, feel free to DM.

Hope that helps! 

@Austin Westmaas It's definitely doable if you know your market. I wholesale mobile homes to both homeowners and investors. If you can learn to work with sellers and help solve their problems, it can be pretty lucrative. 

The key is to be on the same page with the seller and to let them know what you're doing upfront. Then, it's just a matter of presenting your deals to your buyers. I tend to work with cash buyers so the deals get done pretty quickly. 

If you have any questions, feel free to DM. I can also send you some resources to check out, if you're interested. 

Hope that helps! 

@Dami Gonzales Before you do anything, it's best to do more market research into the area. If you're marketing the home as an Airbnb, check out competing Airbnbs there. What can you offer that they do not?

Also, what type of clientele are you looking to attract? Will this support the market demand? How will you handle move-ins and move-outs? Who will do the make-readies?

In my experience, those who have the most successful Airbnbs are local to the area. Usually, if there are issues they will be around to handle them. The logistics involved handling things from out of state can be overwhelming. 

Just a few things to think about. Hope that helps! 

@Michael J. I'm pretty sure some mobile home dealerships do this to offer their land/home packages. I've spoken to many dealerships in my area in the past couple of months and they're all looking for any type of land (including lots) to offer to their customers for land/home packages on new homes. Hope that helps! 

@Angel Tovar You may want to talk to some mobile home dealerships in the area. Usually, I find them to know the local real estate agents who work in this niche. Hope that helps! 

@Chris Olson As with any niche in real estate, it would depend on the supply and demand in the area for that particular niche. You'd have to research the market to see what you can get for rent for that particular mobile home in that particular area. 

Also, one thing to keep in mind is the type of clientele that unit will attract for that particular neighborhood. One thing you can do is start talking with people who work in the industry in your local area. 

In the past, talking with park managers, owners and mobile home dealerships have all been great sources of information for market insight and referrals. 

Hope that helps! 

@Cody Simmons If you've never done a large real estate transaction before, the best place to start would be your own personal residence. With that in mind, it's best to choose to live where you feel the most comfortable (versus the least amount of money). 

What you are paying for is the neighborhood. Before making any type of buying decision, it's best to try things out first. Renting for a while is a good option if you're still on the fence on where you want to live in the future. 

About your rural property, if money is tight right now I'd hold off on your plans before you're in a better position financially. Since the property is farther away from the city (since it's rural), usually any type of real estate will take longer to fill. Also, keep in mind you'll be around a different type of clientele being in a rural area and all. 

As a general rule of thumb, I always do things based on my personality not the other way around. So, it's going to be your decision whether or not you feel comfortable in a rural setting versus one that is not. 

Hope that helps! 

@Neel Iyer Looks like the home is for sale and the rent being advertised is the lot rent for the mobile home to sit on top of the land. Also, the community is 55+ which means there are more requirements for prospective residents compared to all-age parks. Hope that helps!