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Updated over 1 year ago on . Most recent reply
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First Mobile Home Purchase! (Need Assistance / Help w/ Due Diligence)
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
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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.