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Updated almost 8 years ago on . Most recent reply

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42
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Brandon Booth
  • San Diego, CA
5
Votes |
42
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Finding motivated sellers of MHs

Brandon Booth
  • San Diego, CA
Posted
What sorts of tactics do you use to find motivated sellers of MHs? Do you mail to entire parks? Somehow target your mail?

Most Popular Reply

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722
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John Arendsen
  • Developer
  • LEUCADIA & VISTA, CA
340
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722
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John Arendsen
  • Developer
  • LEUCADIA & VISTA, CA
Replied

Hi Brandon, I see you're from San Diego. I own 5 MH's in Leucadia. What specifically are your intentions? If you're thinking about using them as rentals you first need to check with the MHC owner/manager. 

Most rent/lease parks do not allow subleasing. We just happen to be in a community where we have a 35 year lease with a sublease clause in it so we can rent/lease it out for a minimum of one year or more. The only way you could sublease in most instances is in resident owned park/communities. But even some of those HOA's have some pretty strict subleasing CC&R's

Here's another thing we do:

These two photos are before shots that we're currently working on. You won't even know it's a MH when we're done. We'll be stripping it down to the bones and rebuilding from the frame up. It will look like a California Craftsman when its finished.

The photo below is a hybrid. Bottom floor is a 14'6"x36' (504sf) 1+1. The top floor is a 630sf site built 2+1 for a total of 1130sf on a 30x40 (1200sf lot). There's still room for two Mini Coopers to park tandem in the driveway and a golf cart on the other side of the home. Here's a link to a post I wrote about the project you might find interesting. 

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