All Forum Posts by: Rehaan Khan

 Builders risk, I'd highly suggest using a broker to find the best carrier for your particular situation.  As with all contracts read the fine print.

https://www.biggerpockets.com/forums/95/topics/1187053-insur...

Search on these forums specific to area

@Rehaan Khan Welcome to BP, great to hear your interest in mobile homes! 

Personally, I've been in the mobile home investing niche since 2007. As in any other area of real estate, it's had ups and downs. Overall, it's been pretty profitable. 

I started out buying and holding mobile homes for cash flow when I first started out. Now, I've been wholesaling mobile homes for cash. It's been a fun journey so far!

If you have any mobile home investing related questions, feel free to DM. Hope that helps! 

i know this is kind of an old thread, but just wanted to add a few things here: 

1. yes you will have to go through permitting process. you will also register this as a SFH with the county.

2. you will need to contact DMV to deregister this as a mobile home. 

3. you will have to make sure you remove the Axel and the wheels  under the home and make preparations to fix the property to the foundation you already have. 

currently dealing with similar situation in GA, hence researched a bit to find out the process. 

Rehann,

I agree with Jacob, I would lean on team members that know the markets you're looking at well. Going to the area is a great step, but you will still need members on your team that live and work in your target market. I prefer to invest locally to where I live as it eliminates a lot of potential challenges and I know the market well. Good luck. 

@Rehaan Khan An appropriately priced property in the suburbs does not sit on the market, especially if it is attractive to a homeowner (not just an investor). We have low supply and pent up demand, the same as anywhere else. And when they cut rates, the demand should increase as people who could afford to wait enter the market to either trade or to stop renting. 

For example, when listing houses for rent in the Akron suburbs that would be attractive as owner occupied properties, the amount of calls you get from agents and buyers asking if the client would just sell it to them. The market is hunting for more inventory, despite 7% rates.