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Updated almost 9 years ago on . Most recent reply

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4
Posts
1
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Shawn Mcadam
  • Fort Lauderdale, FL
1
Votes |
4
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advice on a mobile home stragedy

Shawn Mcadam
  • Fort Lauderdale, FL
Posted

so I have this mobile home deal that I'm getting for 12,000. It is split into 4 rooms 2 finished and 2 unfinished. I am borrowing 5,000 and paying 1,000 a month until I pay of. I plan on renting out all 4 rooms 150 a week. I'm completly new to this I have never done this before does anybody have any advice or stuff I should look for when buying a mobile home. anything I can look for when purchasing a home.

Most Popular Reply

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700
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Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
479
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700
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Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
Replied

We need more information.

Is this home located in a land lease community? (mobile home park to some) Or, is it on land you will own? 

A community owner would not likely sanction what you are proposing.

Outside of a community, you might have zoning issues.

You might have housing issues as well. How large is the home and how large are the bedrooms? Will the renters share common areas? Is the home located in a village or city or in an unincorporated area?

No one can give you any really good information until we know what you are actually discussing.

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