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All Forum Posts by: Dawn Young

Dawn Young has started 14 posts and replied 126 times.

Post: New to BP and REI

Dawn YoungPosted
  • Benton City, WA
  • Posts 135
  • Votes 50

Hi! We are from wa state also.  Tri-cities area.

Hi, We;ve had our two single story rentals for about 9 months now, and coincidentally, they are both rented to senior citizens.  They are not handicap access, nor have we made any claim that they are.  The homes have a new, 3 step simple concrete porch with no hand rails.  Many of the homes in this area have the exact same steps with  No handrails.  Since then, both of my tenants have requested hand rails.  As I understand wa state law, I am not required to do this, but they are free to add them if they wish.  But they won't(they have relatives to help, but they never get around to it), and of course they are only getting older and more fragile with each passing month.  and I don't want them to fall!!! If it were your rentals, would you add hand rails to the steps on the porch?

Here's our hesitation:

1. We don't have a hammer drill and have never done this before.  (can we get away with a $50 hammer drill, or do we need something more heavy-duty?)

2.  We don't want to "train" the renters to expect us to continually handicap-access the home, which would be ongoing,  impossible and impractical.  

Thoughts?  I'm probably just worrying this to death.  Thanks, all!

I dont do vacation rentals, but will the park allow renting?  The parks here won't, but maybe its different where you are.

if the parks will allow you to rent them, sounds awesome!

I'm in WA, too, and we do a rental screening criteria.  It seems like a very reasonable and easy thing to do.  WA is a hard state to be a landlord in, but that part isn't bad.  The screening is not something we make any money on at all, and we only screen if we are really considering the applicant .  someone made a great statement about charging some kind of application fee.  I should do a small one, just to weed out the non-interested people.  (we had one couple approach us 2 or 3 times, and back out every time, they just weren't "ready", which is fine, but as a landlord, I need to get the house rented.  Thanks all for the lessons!

Post: Having trouble comping a Manufactured Home, any tips?

Dawn YoungPosted
  • Benton City, WA
  • Posts 135
  • Votes 50

zillow sometimes show similar properties sales prices.  

Post: land only loan?

Dawn YoungPosted
  • Benton City, WA
  • Posts 135
  • Votes 50

Thankyou! The asking price is just a little bit more than the land is worth plus improvements such as, water hookup and sewer hookup and electrical not counting house.any rate, we can come up with the difference plus down payment of course. the house the seller and I agree, its not forgettable. It's a 78 double wide in decent condition but not on a foundation. I have two other manufactured homes one of them is less than 15 years old but as far as I know I can't get any financing on it.   If you know of anyone who will do that for non owner resident I would love to have that information. there's one bank that thinks it can help me you were there with a land loan, or a business loan. Which really shocked me, can we do a business loan on a rental house? if so how come no one has mentioned this before? I find myself being skeptical. but I like to think outside the box so I will see what he has to say when he gets all my paperwork.

Post: land only loan?

Dawn YoungPosted
  • Benton City, WA
  • Posts 135
  • Votes 50
Originally posted by @Mark Gruetzmacher:

@Dawn Young

 It would depend, can the purchase price be justified  for only the value of the land?  You could then look into a loan for just the land.  Now if the value would have to include the mobile home then it will be a tough time.  If the home is newer, less than 10-15yrs then there might be some avenues to look into for financing.  Anything older than that is about non existent.  

You didn't mention if it was a single wide or double wide home and also if it is just blocked up or does it have some sort of permanent foundation?  If it is on a permanent foundation you could look into financing as I think there are some lenders that lend on ones with a foundation.  If it doesn't have one then if it more of a cash deal or seller finance type of deal.

 By

Post: Mobile home investing

Dawn YoungPosted
  • Benton City, WA
  • Posts 135
  • Votes 50

Anyone have new updates/successes/scares?