Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 over 7 years ago on . Most recent reply

User Stats

47
Posts
15
Votes
Ben Winchester
  • Troutdale, OR
15
Votes |
47
Posts

Is this unorthodox, or common?

Ben Winchester
  • Troutdale, OR
Posted
Hello BP peeps, I don’t know much about mobile home buying and selling. I’ve listened to all the podcasts and have heard several of them when they focus on mobile homes, but I don’t recall any of them mentioning my question. Does anyone have experience with or heard of anyone buying a mobile home, moving it to another lot, and then selling it to an end buyer? Most of the times I’ve heard of just involve buying it and selling it in a flipping manner, or wholesaling it. I’m wondering if people do all the front end work of buying and moving before selling the home, or if that’s not a common thing people do. The deal that made me think of this is a mobile home for sale with a contingency written into the contract requiring the home to be moved upon purchase. My thought was, as an investor, I could purchase the mobile home, move it to a park where there are some good comps, then sell it to an end buyer in said park. The details: Price of mobile home: $7000 Estimate of the move: $5000 (40 miles) Estimate of the set up: $5000 Misc. costs (axle repair, new tires, new tow tongue, holding costs once at new park, etc.): $3000 Total cost: $20,000 Comps: $30,000 All these numbers are pretty conservative and taken from other forums and websites regarding the cost to move a mobile home. I’m sure there are other costs I haven’t thought of, and would love any extra input here. Maybe there are some regulations on the park side of things with like older homes moving in? What would the upfront costs be on the park side for the move in? I’m sure it costs some lump sum amount before the monthly fee of parking it there. Any and all comments are greatly appreciated.

Most Popular Reply

User Stats

6,408
Posts
2,655
Votes
Brent Coombs
  • Investor
  • Cleveland, OH
2,655
Votes |
6,408
Posts
Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Ben Winchester, I can see why this isn't a regularly discussed "thing". Why? Because it's no different than any other buy-for-one-price, sell-for-a-higher-price idea.

The same concept applies to all of them: do your homework, then pay your money, or, not. 

[Yes, I know your post is part of that homework]. Good luck...

Loading replies...