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Updated about 5 years ago on . Most recent reply

User Stats

309
Posts
100
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Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts

Mobile Home on Land In Muncie, IN

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

I recently acquired a mobile home on land in Muncie, Indiana.  I had a purchased a note from the now defunct American Note Warehouse and all was good for several years until borrower stopped paying and I was forced to foreclose and ended up taking back the property at a sheriff's sale.   It currently has renters in it that have been there for several years and would like to stay.  The Mobile home has some issues (mostly soft floors, ect....) that previous landlords had promised to fix but never did.  The current lease is month to month.  

I am not quite sure what I am going to do about this property.  I guess my exit strategies can be to fix it and continue to rent it, sell it outright or owner finance to current renters who have expressed interest in doing so.  In any case, I am going to need to find someone who is local to the area that can fix mobile home issues.  If anyone knows of a cost-effective, honest handyman that repairs mobile homes, that would be fantastic and would be much appreciated.

Thanks in advance for the help!

Sandy

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