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Updated about 9 years ago,
Analyzing a Flip for a Manufactured Home.. 443A?
Hey BP,
I'm currently looking at a deal to flip and have run into some challenges!!
I'm analyzing a flip in a mixed-use 55+ mobile/manufactured home HOA community, and I've learned that the home I'm analyzing is indeed a manufactured home. Comparables in the area seem to consist of other manufactured homes, "stick-built" homes, and detached homes. Agent says on the tax rolls all of them are manufactured homes, even the ones that are "stick built."
My team has never dealt with this type of real estate, but, all else considered, it looks like a deal that may work with our business model.
My challenge: how do I compare "manufactured" homes to "stick-built" homes to "detached" homes in this community? Which one's have greater/less value compared to the others? To be honest I'm not entirely sure of the difference between the types.
The seller has also countered my offer saying she will not provide a 443A.. anyone know if this is something important for me to consider?
Thanks in advance for your input!! --RZ