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Updated over 7 years ago on . Most recent reply

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23
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Gwen St. Pierre
  • Investor
  • Wilmington, NC
2
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23
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How to Evaluate Property with SFH and Manufactured Home

Gwen St. Pierre
  • Investor
  • Wilmington, NC
Posted

Hi there - super new and just yesterday started the 'evaluate 90 properties in 90 days' challenge that Brandon likes to give on his webinars (hi @Brandon Turner ;) I am evaluating a deal I found on Craigslist where the owner is selling 2 properties on one lot: one is a 3/1 SFH built in 1937. Behind it is 3/2 double wide manufactured in 1992. I have never considered a manufactured home before. Is this something I should run from? What should I consider when evaluating this part of the deal?

I am using the awesome BP Rental Property Calculator and it makes sense to evaluate these two properties together since they are a package deal. Just not sure what I'm doing with the Manufactured one. TIA!

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Replied

I would evaluate the 3/1 home as a stand alone, research your area to determine the value of the  Mobile as a "for sale must be moved" and proceed on that bases.

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