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Updated almost 2 years ago on . Most recent reply

User Stats

29
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13
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Mark Rechkemmer
  • Flipper/Rehabber
  • Cary, NC
13
Votes |
29
Posts

Donating trailer within MHP

Mark Rechkemmer
  • Flipper/Rehabber
  • Cary, NC
Posted

I have two trailers that are fixer uppers that I'm willing to donate to a church/non profit, but need to require the trailer remain within the MHP for a period of time or it can be a significant financial loss.  For those MHP owners out there, what is reasonable amount of time to require they remain in the park?

  • Mark Rechkemmer
  • Most Popular Reply

    User Stats

    363
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    942
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    Frank Rolfe#1 Mobile Home Park Investing Contributor
    • Real Estate Investor
    • Ste. Genevieve, MO
    942
    Votes |
    363
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    Frank Rolfe#1 Mobile Home Park Investing Contributor
    • Real Estate Investor
    • Ste. Genevieve, MO
    Replied

    This is a risky undertaking. The church/non-profit is going to then let homeless people live in the trailers, and that's going to tank any possible "pride of ownership". I've never seen this work out well. I think you would be better off doing a "handyman special" (based on the laws of your state) which at least gets the home in the hands of the end user who will then be an owner and have "pride of ownership".

    As far as how long you can require a home to remain in your park, that's a matter of state law. Some have no guidelines and other states have strict restrictions on how long you can restrict movement of the home as they see this as a violation of property rights. I would talk to your state MHA to learn your state's requirements.

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