Motivated Mobile Homeowner

[Zelda Rogers]

This will be my very first deal this mobile home is in San Antonio Tx in a Park. It is currently being rented out but the owner just wants to get rid off it. He has a range of what he thinks it's worth but the tenant wants to lease to own well below what the seller wants. I'm a newbie and don't know where to start with structuring this deal and making an offer.

[Frank Rolfe]

Before you do anything, you need to research the following laws and rules:

1) The SAFE Act and Dodd-Frank

2) The Texas rules on minimum habitability warranty.

3) The Texas rules on needing a dealer's license.

4) The status on the title to the home.

5) Whether the home is Pre-HUD or Post-HUD and what the state and local laws say about safety issues and disclosures in selling or renting a home from that period.

Just trying to keep you out of trouble ...