All Forum Posts by: Grace Park

Hello everyone!

I currently live in the SF Bay Area, and we bought a manufactured home in a mobile home community here in Sunnyvale, CA. To be clear, we own the home but rent the land. Mobile homes in any other part of the country typically depreciate, but due to the anomaly of the Bay Area real estate, our mobile home has appreciated. In fact, the real estate agent we bought the home from stated we could now list our home for $50k over what we bought it for. 

I was wondering - are we able to do a 1031 exchange for mobile homes? I'm hoping to sell this mobile home and purchase an investment single family home. I'm really hoping to be able to defer the taxes on our capital gain when we end up selling it. 

If you have any insight, I'd greatly appreciate it. We're looking to possibly use this as our first step into our real estate investing journey. Hope to hear back from everyone. 

Thank you!

Hi Linda,

Is this deal still available? I live in Sunnyvale, and I'm highly interested in this deal. Please let me know. Thank you!

Hi Chris,

I'd love to get more info on this property. Any HOA fees, type of neighborhood, any repairs needed? I'll do my research on my end, but would appreciate any other info you can send my way. My email is [email protected]. Thanks!

Grace

Hi Chris,

I'd like to analyze this deal further. Could I get some more information, more pictures, and a better idea of what type of neighborhood it's in? I'll do my research on my end, but any additional information you have will be appreciated. You can email me at [email protected]. thank you!

Grace

Hi Lane, could you clarify what you mean by late to the party? Do you mean it's harder to find strong cash flow turnkey investments? Or something else entirely? Curious as to what you mean. 

Can I ask which company you bought this turnkey property from? My husband and I are looking to buy our first investment property in Indianapolis and we're debating whether to attempt the BRRRR method or buy a turnkey. What was your experience with the turnkey rental property?