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?

[Nathaniel Walker]

Good luck and triple calc numbers as super risky.

1. Planned future increases to lot rent.

2. Major repairs made and needed. Any repairs required by property management.

3. Market value of home.

4. What happens if you are forced to move home.