Mobile Home Checklist Quest

[Troy Bevans]

I am seeing a lot of Mobile Home topics lately and some wonderfully knowledgeable individuals have posted some great topics. With that in mind, I would like to build a list of items that the majority of MH investors could utilize as we review a potential purchase.

I would then like to take this list and create a standard checklist that helps "qualify" the property with a grade...like the type of grades received in school (A, B, C, D, and F). If the property receives a decent grade, the next process would be to "quantify" the property, which will allow the investor to get an idea on the hard dollar signs associated with bringing the property up to a better grade for sale or lease. The quantifying process will be different for each person and location of course. I am more focused on the qualifying side for the checklist to help us get to the quantifying side to make a decision.

QUALIFY TO QUANTIFY = BEST DECISION

Therefore, for all of those wonderfully knowledgeable individuals in the MH sector of our passionate drive to success....what would you suggest would go on this checklist? What typical items should be addressed...floors, roofs, plumbing....what are the best questions to ask the seller...and so forth?

A system that can be repeated over and over will produce a better opportunity for consistent results. So I am hoping to gain some great info from this to put into a standard checklist that can provide a systematic approach to reviewing any future mobile home investments. This checklist will be shared for anyone who would like to see the final results.

For all that participate, thank you for taking the time to do so. None of us are as strong alone as we are together! I love BP and the members for sharing their experiences and knowledge!

[Marc Faulkner]

Interesting topic! This list can serve as a start:

year, make, size, # of beds, # of baths, appliances included, location/address, is home vacant? vinyl/shingle or metal/metal? in park or on private property? lot rent? how long for sale? why selling? best price-CA$h? I try to ask this at least 3 times during conversation with the seller!

roof? siding? skirting? windows? walls? ceiling? carpet? paint? plumbing? electrical? floor coverings? additional amenities such as sky lights-fire place-garden tub. With the above information, I am able to make offers (in the areas I work) without ever seeing the unit, subject to inspection. I hope this gets you off to a good start on your quest!