All Forum Posts by: Toshiki Hoshino

Hi BiggerPockets,

I have an unusual question for you.  There is a subdivision which is currently zoned mobile home community and the owners are renting out as a residential homes made out of doublewides on a permanent foundation.  Owners have sold few houses in that community to individuals, but my goal is to sell the mobile homes to tenants and charge lot rent.  Is this doable?  Thank you for your inputs!

Thank you all for your replies.  It does look like selling is the way to go!

Market rent is around $1200.  I used to live in this house originally and had 30yr note.  After 5yrs I refi to 15yrs and my rate is 4.25%.  I have been paying for 12yrs and also had a tenant from when I bought it.  I have a friend of mine living there and that is why the rent is below the market value.  

I have a rental that my tenant pays $1100 a month and pays for all utilities including HOA of $280 a year. My mortgage is $1710 PITI. I am pretty confident I'll be able to sell it for $195k and I owe $23k. House is 20 years old so I'm going to have to redo the stucco and roof in next couple of years. I'll have my loan paid off by Dec of 2019. Should I sell it now since the market is doing well and look into tri or four-flex? I am looking forward to everyone's advise. Thank you!