Mobile home

[Lin Wilson]

I am looking to start investing my money into Mobile Homes in the Maryland area, and was not sure on how to start. When I do venture out hopefully I will have the knowledge of negotiation and asking the right questions.

[Troy Bevans]

@Wilson Lindsey - Create a checklist that "qualifies" the mobile home you are considering. The checklist should cover all items within the MH, as well as the specific questions you should ask the seller. Add the numbers up and grade the property on some type of system, such as an A - D grade...like school...and some may even receive an F!

Once you have a few A and B (even C if you feel lucky) mobile homes in mind, you then start the "quantifying" process to discover how much it is going to cost to get it ready to lease or sell (which means getting the property a better grade). You will find that a lot of these MH's did not get their homework done...so you will need to catch up that work...which can cost $$$'s. The quantifying part will finalize your decision as to whether it would be a good investment or not when you see the actual "hard" numbers.

Qualify to Quantify = Best Decision

Research all of the items that need to be looked at when reviewing an MH for purchase to help create this checklist and use it for each opportunity. A system that can be repeated over and over will produce a better opportunity for consistent results.

Best of luck to you in your process : )