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Updated about 2 years ago on . Most recent reply

Blake Andrews's profile image
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Blake Andrews
  • Wholesaler
  • from Lancaster, PA
  • Member since Mar 18, 2023
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Blake Andrews
  • Wholesaler
  • from Lancaster, PA
  • Member since Mar 18, 2023
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Blake Andrews
  • Wholesaler
  • Lancaster, PA
2
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Wholesaling

Wholesaling a mobile home in a park

Blake Andrews
  • Wholesaler
  • Lancaster, PA
Posted

Hello!

So I have a seller who owns a Mobile home in a park. We’re planning on meeting next week to sign the assignable purchase agreement. This is my first time doing a deal involving a park. I know the state views the mobile homes as vehicles, so will the closing process be different once I find a buyer?

Philadelphia, Pennsylvania
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Jay Hinrichs
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  • from Lake Oswego OR Summerlin, NV
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Jay Hinrichs's profile image
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Jay Hinrichs
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  • Lender
  • from Lake Oswego OR Summerlin, NV
  • Member since Jan 29, 2014
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Eliott Elias:

No investor is going to take that deal, unless the land is included. Mobile homes hold no value. 


Google Lonny deals..  MH investing in parks is very active in many markets.. and for sure they are not valueless. 
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