Lease to Own vs Rent to Own for mobile homes.

[Vince Stanley]

I purchased two empty lots and put two brand new trailers on them.  They have been available for lease to own since August but I have not got any offers any my real estate agent thinks we are competitive.  If I structured these as rent to own, is there any resources or rules of thumb I can use?  I clearly would like to get these to cash flow.

[Miriam Seidel]

If rent to own or seller financing in your area with stick built homes have the same deposits and monthly payments, no reason one would want to purchase a manufactured home that loses value over time. With mobile/manufactured homes, it's all about the
deposit/down payment and monthly payments. You need to make these more attractive than for a stick built home, in order to get offers. (Thousands less for deposit/down payment and hundreds less per month for the home). Are appliances included? If not, put them in. Would a backyard fence be good for family with small kids and pets? Talk to a mortgage broker about what parameters your stick built competition requires, and make it more attractive than those requirements. Also, if renting an apartment with the same amount of beds/baths would be more than what you could offer, that is your market. Send postcards to apartment complex renters that offer a home with more privacy, less restrictions, and something they can own vs rent. Also, Open houses are a must!