There are benefits that go beyond simple cash-profits and/or equity gains while investing. Real estate investing teaches patience, focus, business mindedness, all while ideally greatly increasing your emotional intelligence and people skills. However before you can become the “Dali Lama of real estate investing” you will likely have your patience, frustration, and anger tested time and time again by colleagues, partners, and the public at large. Below is a short list of some of the top things that will likely infuriate you as a real estate investor.
Author John Fedro
During this short article we will be discussing the advantages, disadvantages, and interesting facts concerning electronic mobile home liens and titles. The Electronic Lien and Title Program is a method by which your State’s Department of Revenue, Manufactured Housing Department, Division of Motor Vehicles and lending institutions (lienholders) can exchange vehicle and title information electronically.
Once a single person begins to focus thier energy on their “one thing” the results begin to compound upon themselves. Much like pushing over dominoes; a falling domino can topple over a domino 150% its own mass. In the same way your focusing on the “one thing” begins a journey that starts with making contact with a stranger and ends with a happy buyer and seller.
In this article, we will discuss the importance of understanding your local mobile home market, local buyers, and local sellers. By the end of the short list below you should have a much better understanding of your plan and mindset moving forward into the fall and winter months while investing in mobile homes and manufactured homes inside parks in the US.
Beware the real estate investor who advises you to “never” or “always” purchase a certain type of real estate. While real…
Ultimately, it is very important to not judge a book by its cover. Let’s take into account a one-star park. Some mobile home parks may currently be a one-star community, however perhaps this park was just purchased by new management and they are in the process of cleaning up the community. This park may indeed need your help to bring in new homes and help fix current mobile homes within the park needing rehab.
There are likely going to be passionate investors on both sides of the fence supporting or condemning the idea of keeping a seller inside of his or her property after you have bought it. This is mentioned because it is important to remember that you always have free will. Ultimately the choice will be yours when you are presented with the situation, do you keep a seller inside their property after it sold to get the deal done? Do you agree to let them stay or demand the property be vacant as soon as you pay them for their home?
We all have learned to not judge a book by its cover, however people make snap subconscious decisions based on your outward appearance and the clothes you wear all time. While there are many reasons a mobile home seller may not choose to do business with us, let’s not have our wardrobe choices be one of these reasons.
In this article, we will be using the terms NADA value and Bluebook value interchangeably. Below is a short list of some common times when determining value may or may not be required.
The great state of Texas is known for doing things a bit different than the rest of the country. In similar fashion, transferring a mobile home from buyer to seller is handled very differently in Texas than in any other state. If the mobile home sellers have clear ownership then be prepared for a streamlined and typically easy process moving forward while closing.
Common title problems arise due to a title being lost, the actual owner on title not being present, the title is missing and the current seller has not yet put the title into their name from when they bought the home, and multiple other situations due to common human faults such as laziness, ignorance, and frugalness.
Whether you are a mobile home investor, mobile home owner, or general mobile home aficionado, you will need to know what manufactured home skirting is and your options. This article is primarily for mobile home investors, however the tips and instructions certainly apply to any mobile home.
Why will many park managers help you? Not all park managers will instantly welcome you into their community with open arms, however the vast majority of community managers will be open to the possibility of working with you and giving you a chance to invest in an individual mobile home inside their community.