The modern manufactured home is a mansion and technological wonder compared to generations past. Safer construction, wireless capabilities, and an eco-friendly footprint are only a few of the improvements manufactured homes are making. Today’s manufactured homes are certainly not your grandfather’s mobile homes. Below is a brief outline of how today’s manufactured homes came to be…
Why would any rational real estate investor waste his or her resources buying and selling used mobile homes? Below we take a look at even more areas to be concerned with while investing in used mobile homes inside pre-existing mobile home parks.
Below is a list of the few properties that have nearly tricked me into purchasing them under false pretenses and potentially leading to a great deal of stress and lost money. Learn from these examples and aim to perform all due diligence accurately and in a timely manner.
While these homes can absolutely be a tremendous value and profit, there is of course proper due diligence always be done before pulling the trigger on any deal. Below are a few things to consider before purchasing or investing in any vacant mobile home inside a pre-existing park or attached to its own private land.
Let us now take a perfectly logical and rational approach as to why many mobile home parks wish to work with and experience symbiotic relationships with quality local mobile home investors. Please see the short list below of some of the common reasons mobile home park owners and managers love and hate working with local investors.
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…
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.