Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

26
Posts
3
Votes
Al Kirk
  • Real Estate Investor
  • Raleigh, NC
3
Votes |
26
Posts

Separating Mobile Homes from Land

Al Kirk
  • Real Estate Investor
  • Raleigh, NC
Posted

I am purchasing a 12 lot MHP and the park owns the mobile homes attached. I want to get advice on how to go about separating the mobile homes from the lots at close. Ideally, I would have the mobile homes owned by an LLC and the land owned by another LLC. I plan to sell the mobile homes to the tenants or empty ones to another buyer in order to decrease the park's expenses AND have just income producing land (which would be better when it is time to refinance).

If you have done this before or have knowledge, what are the steps needed to separate buildings and land at closing?

Loading replies...