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All Forum Posts by: Paul Sofia

Paul Sofia has started 3 posts and replied 321 times.

Post: Modular Home flip model

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I am currently doing outside of Charlotte, NC but I am not going with really high end homes.  I am also stick building.  The mods are a lot quicker.

What is your level of experience?

Post: Mobile Home Park Finacing

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I will be happy to take a look at it.   I will need some more details.  Sent PM.

Post: Recommendations-Modular Builders that work with Investors-PA&NJ

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Aman S., where are you building? If it is in Virginia, I have someone else I know well that is a retailer in VA.

Post: Recommendations-Modular Builders that work with Investors-PA&NJ

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Just sent you some contact info of someone that should be able to help you via pm.

Post: Adding a marina to a mobile home park

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Exactly.

Post: Adding a marina to a mobile home park

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164
Originally posted by @Thomas S.:

I would probably avoid th ecomplications and environmental requirements of a actual marina and simply install docks for the tennats boats. You can charge an additional monthly docking fee as well.

Post: New Construction - Modular Homes??

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164
Originally posted by @James Clifford:

I would love to hear if someone has more insight on the valuation after the construction of Modular. From what I have researched, and from what the Modular architects/manufacturers/contractors have told me, there is no difference in valuation if it is permitted and receives its CO as a permanent structure. 

That is correct, James.

Post: Install permanent foundation under existing mobile home

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164
Originally posted by @Paul Sofia:
Originally posted by @Lauren B.:

FHA foundation requirements are extremely specific for mobile homes. We're under contract at the moment on a doublewide and the booklet for foundation requires requires piers spaced at certain distance apart,a certain square footage of venting, piers on footers below frontline, mortared , etc etc. they require an engineers inspection to approve it. If it were me I'd call your local mobile home dealers and ask for the mason they use and talk with them. We're having to bond the piers with surewall to meet fha requirements. It's also 20 yrs old.

 Bingo

Post: Install permanent foundation under existing mobile home

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164
Originally posted by @Lauren B.:

FHA foundation requirements are extremely specific for mobile homes. We're under contract at the moment on a doublewide and the booklet for foundation requires requires piers spaced at certain distance apart,a certain square footage of venting, piers on footers below frontline, mortared , etc etc. they require an engineers inspection to approve it. If it were me I'd call your local mobile home dealers and ask for the mason they use and talk with them. We're having to bond the piers with surewall to meet fha requirements. It's also 20 yrs old.