Mobile Home Ownership

[Regina Parker]

Hi, my name is Regina Parker. I am a Retired-Federal, Department of Justice employee, after 32 years of service. I reside in Bridgeport, West Virginia. I am also an Executive Affiliate with an awesome networking company, My Daily Choice, specializing in the health and wellness industry as well as some other services. Furthermore, I drive for Uber in my spare time. I have over 4,000 trips after 4-years of driving. I am a proud grandma of two grandkids and the wife of no husband😊 I am happy that I was referred to this website by my friend. I am new to the world of Real Estate and I am looking to diversify. I want to make residual income and if ever an opportunity presented itself to own some property, I would keep a lookout and that is when I discovered the mobile home for sale on the Yard Sale website! I really want to get a good return on my investment which is why I need the community’s help!

The mobile home just went up sale by the owner for only $9,500.00, or best offer. I am extremely interested in purchasing this mobile home; however, I do have some concerns. One of my concerns is being locked into a deal where I cannot get out, especially, if I were to sell the mobile home myself one day. I recall a friend, she either rented or owned a mobile home and she was not allowed to sell it or rent it out when she wanted out and she was paying on this mobile home for over 20+ years. I cannot see myself being hung up like that with the landlord or landowner. I just do not want to be met with the same fate as my friend with no other alternative to recoup any loses. Also, I think I would rather have a Property Manager manage the mobile home since I plan to rent it out. I do not want to deal with any unruly tenants if I can help it because this is a college town where the mobile home is located, in Morgantown, WV.

When I meet with the owner of the mobile home today at 6:30pm, what questions should I ask?

Here are some questions that I have already thought of to ask:

1. 1.  Why are you selling?
2. 2.  Does the tenant pay for light, gas, and water separate or is this included in the rent?
3. 3.  Is there a Lot fee?
4. 4.  How old is the mobile home?
5. 5.  Have you always been the only owner of this mobile home?