All Forum Posts by: Armando Carrera

 Hey Victor,

In case you do need to make this into real property, you will need a "affidavit of affixture for manufactured home". The local/ state etc (governing body) may not just "give you" one. You may have to make modifications or additions in order to get that signed off. They may require a foundation (footings) of some sort, a different home set up, among other things. I would call your local governing body and get their feedback because that can be another cost for you... Good luck

What ever happened to dropping interest rates? I thought we were supposed to have rates that were more favorable? We got a small drop last month but nothing worth bragging about.

I was thinking of doing a refi with dropping rates but doesnt seem like thats in cards currently...

Thank you

 Thanks Jonathan. And what kind of protection are you referring to?

Hi everyone,

My wife and I own 3 homes (1 Primary and 2 LTRs). Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial? Just want to feel a sense of protection, if possible.

We have notes on all 3. 

We dont have kids.

Both work full time.

Thank you!

Hi Bill,

We purchased another SFR 2 months ago on the west valley, did a little upgrading and found a tenant within 2 weeks through Facebook Marketplace. The rental amount was not what we were counting on but still covers our mortgage +$200. We dont have a PM. Even though we were lucky to find someone fairly quick, we did notice the rental pool of renters was a lot less but still out there or the home rental pool has increased (maybe both).

Good luck!

Congrats Christina!

Ive been working (selling) with manufactured homes for over 7 years now and hope to own a small park sometime in my life.

Are you able to add more homes to your park? (im not trying to sell you any, just see an opportunity for you to grow). When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...

Best of luck!

Hi everyone,

Our patience paid off! We found a family (2 parents and 2 teenage daughters) and no pets to rent our place starting October 1st. Were super happy we didnt panic and remained calm. 

Thanks everyone for your advice!

Thanks to all of you and your advice/suggestions.

We've decided to not rent to this large family. Wife and I are willing to risk paying another months worth of costs (but it was in our budget to begin with) than to rent to the one stated above. We have other parties interested and showings that we've somewhat "prescreened"  and look forward to meeting them. Ideally, we'd want a single family tenant.

Will keep you guys posted as to which direction we go in the next 48-72 hours.

 Bob, Thanks for the reply! You gave me a great idea! Its something I will dive deeper. 

Hi everyone,

Our rental unit is ready for a tenant move in. Its a 4 bedroom 2 bath nicely updated home. We've had a number of inquiries and a few visit the home. Our dilemma is who to rent it out to...

The most serious party is a very large family, 3 adult couples and 4 kids. Were very hesitant to rent it out to such a large party because we did such a great job updating the home and we feel that all that work may get damaged in a short period of time. They are willing to pay an additional $200 (from $2,300 to $2,500) if allowed to rent.

Do you guys think we should wait for another possible tenant or give this a shot?

In our budget, we have a contingency of 2 months' worth of mortgage and utilities accounted for.

We have another LTR thats been a breeze to manage for over 6 years buts its only 2 adults living in it they have really taken of the home for us...

Thank you!