Manufactured homes

[Matt Berglund]

Does anyone have any specific advice/tips when considering the purchase/flip of a manufactured/modular home? Not a mobile home ... a manufactured home. Thanks!

[Vernon Miller]

Matt

I am a licensed modular retailer and investor of wholesale RE.

20 Years in the industry.Previous statements are incorrect.

A mobile home or manufactured home is a "HUD Label "structure which is designed for affordable living and the financing is somewhat tuffer for the buyer depending on credit.They have a metal frame underneath that is built in the home for transporting it to the site. That frame will not be removed.

A Modular is a off/site structure built at a factory but carries a different label and is under the IBC Code.These structures are all crane set with no metal frame underneath.These are heavy duty dwellings that are commercial or residential. 

They have a metal carriage underneath(for transporting to site) that is removed once the crane grabs the dwelling and sets it on the foundation.These will be appraised just like site built sfh.

I invest in both thru the years. If I was buying and holding for long term then true crane set modular would be the better choice.

Hope this helps you on your decision.