Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Lindsey Torres

Lindsey Torres has started 4 posts and replied 16 times.

Post: Am I paying too much for repairs?

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

Thanks for all the responses! I found a handyman that I am going to pay $17/hr to do the work. I'll post an update soon.

Post: Am I paying too much for repairs?

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

I'm renovating my first mobile home. I spoke with the contractor over the phone this evening and asked him to give me some ball park figures. The mobile home is a 14x76.
All figures include labor and materials.

New paint for walls and ceilings throughout- $1200

Place a cool seal on roof (2xs) - $530

Replace front door - $550

He said the door alone runs about $400. That is so much more expensive that a stick built house. I don't get it!!

Are these prices reasonable?!

Post: The paperwork involved in buying and moving a mobile home

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

I called the county assessory's office and found out that the taxes do have to be paid for this year before title can transfer. Once that has been done, the county will give the seller a 936 Form and notarize the signing of title over to me.

Post: The paperwork involved in buying and moving a mobile home

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

Okay, great! Those links are excellent!

Post: Discouraged...

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

That's great, Robert! Sounds like you are getting a decent start.

Joshua, thanks for the link to the interview. I haven't watched it yet, but I will soon :)

Mike & Lorrie, I will keep you updated on my progress. Looking forward to hearing of your ventures as well.

Thanks for all the info and encouragement everyone. I'm going out tomorrow to look at another home and the seller wants $800. We'll see!

Post: The paperwork involved in buying and moving a mobile home

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

I'm in Oklahoma and I think I need a 936 form from the DMV to move the home. I have a purchase agreement between the seller and I. So, what else do I need? Do I just meet with the seller and sign the title over to me and I take it to a tag agency (or the DMV?) to have it titled in my name? Is that it?

Thanks for any info!! You all are so helpful, I love this forum!!

Post: Discouraged...

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

Here are a couple of photos of the outside:

Post: Discouraged...

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

John, thanks for all the great advice. I have read your post several times and have been encouraged!

So, here's my update. I FINALLY signed up my first mobile home deal today!! It's a 1983 Fleetwood in decent condition. Needs some carpet, paint, 2 new doors, a new window, roof needs to be sealed, some siding needs to be fixed. It has central heat/air with a 5 year old, huge unit that is in excellent condition. The sellers gave me the home in return for having it moved. Since the mobile home park I'm moving it to is moving all homes for free, I'll have the home in a great park for free!! Yay! I'm so excited! I'll keep everyone updated on how it all goes.

I'll post some photos as soon as a I figure out how...

Post: Discouraged...

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

Thanks to everyone for all the info and encouragement! I re-read Lonnie's book and I realized that I probably got discouraged to quickly and I dropped the ball too early. So, I called the guy back (as suggested by Lonnie) and ask "If I could pay you cash today, what is the best price you could offer?". (I already asked that the first time we met....but, apparently, asking multiple times is okay). So, I did that, and he dropped the price to $3,000 (from $3,750). I told him I would think about it and he asked me what I would pay. I told him I'd have to ask my husband and get back with him (Lonnie suggests not making an offer at that point.) Then, my husband and I went out of town for the weekend and I called him as soon as I got back on Sunday to set up an appointment to look over the home again and he had already sold it. So, my next step is going to be to call the park manager and ask if the buyers were approved.

So, I've learned that just because a seller says that is the final price and it is FIRM, doesn't mean they won't change their price tomorrow or next week. And, just because they have a buyer, doesn't mean the buyer was approved by the park. So, I'm going to follow up on every deal and I'm sure sooner or later I'll get a deal done. :)

Post: Discouraged...

Lindsey TorresPosted
  • Real Estate Investor
  • Oklahoma City, OK
  • Posts 16
  • Votes 7

What I really need is some sort of list and an idea of what labor and materials would cost for each item. Does anyone have a template that they use that they could share with me?