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Updated over 1 year ago on . Most recent reply

User Stats

11
Posts
5
Votes
Spencer Cuvelier
  • New to Real Estate
  • Twin Falls ID + Des Moines, IA
5
Votes |
11
Posts

First Mobile Home Purchase! (Need Assistance / Help w/ Due Diligence)

Spencer Cuvelier
  • New to Real Estate
  • Twin Falls ID + Des Moines, IA
Posted

Hi all,

There's a mobile home for sale in my area, here are the specs:

- Built in 1975

- 2 beds, 1 bath

- Walls, floors, windows (aside from one bedroom) were remodeled in 2015

- No central air but has window AC installed

- The flooring around the toilet will need to be replace

- Asking for less than $15,000 and seller has the title in hand

I understand I have to submit an application and get approved to purchase a mobile home - am curious to what other due diligence I should/need to do prior to investing in my first mobile home. I'm extremely naïve, this is my first time purchasing a rental property let alone a mobile home. Any comments/questions/concerns will be greatly appreciated - thanks! 

Most Popular Reply

User Stats

48
Posts
27
Votes
Rudolph Shepard Jr
  • Investor
  • Wilmington NC
27
Votes |
48
Posts
Rudolph Shepard Jr
  • Investor
  • Wilmington NC
Replied

Does it have a HUD decal. I would be very concerned about buying anything earlier than 1980s. Not sure where you're located but in NC you can't move a 1975 and if the power is turned off for any length of time you may not be able to get it back on.

  • Rudolph Shepard Jr
  • Loading replies...