All Forum Posts by: Miriam Seidel

on your first post, regarding the MH that is a tear-down, probably indicates

that it's septic may be needing major work or replacement up to new codes,

may be just as costly or perhaps more than new, with environmental disposal

issues, etc.

You can go on MHVillage.com and order a NADA book value

for $15. After you get the value, you can adjust the value

by adding features that have been updated/upgraded,

side rooms, patio, porch, carport, etc.

Yes, and find out what the land-only value is...

This is what a lender may only be willing to lend for...

And, insurance to rebuild the 8 homes, in case of natural disaster?

If there is any way for the realtor to show you the property, there is usually a VIN plate on the home

(older homes are usually to the side of a door), where you could take a photo and/or write it down.

Then you can call the DMV, give them the VIN#, to find out if any liens are on it, and how to proceed.

Also, with such low lot-rents, what is the condition of the insides of the homes? If the owners can't afford upkeep, they may have major roof, floor, plumbing, electric issues which at today's cost of materials to fix and update will cost so much more than the unit is actually worth. And in turn, will take forever for you to re-coup back with such low lot rents.

It all depends... if the mobile homes are on permanent foundation.

If they are not currently on permanent foundation, but can convert to such, then they become real property, and can get appraised as such.

And, then of course, be prepared to pay more in property taxes as well.

Instead of paying property taxes only on the land, appraisal will be much more including the homes, once they become real property.

Calling All Snowbirds - This One's for You!

Roomy 2 Bedroom Park Model in Premier Resort Community
----- Thousand Trails / Encore Resort -----
(3rd Bedroom Option for additional guests)
Comes Furnished and includes a Huge Storage Unit -
- use it for golf cart, motorcycles, workshop or just storage.
and just steps away from the off-leash dog park!

Asking $19,888 to purchase the mobile home property inc shed

$ 549/month lot rent - includes unlimited water/sewer & lawn cutting
(optional $25/month cable additional)
.....electric is additional (billed thru community at bulk rate -lower than FPL)

Located in Sunshine Holiday Daytona Resort Community.
***** located in Ormond Beach - next town north of Daytona,
and is next to "Destination Daytona" & Harley Davidson Showroom.

- Dog Friendly w/it's own off-leash dog park in the community
- Heated Pool Year-Round
- Tennis/Pickleball Court
- Mini Golf
- Shuffleboard, Horseshoes, Bocci, Volleyball, Basketball & more
- Activities like bingo, cards, crafts, etc.

10 minute drive to beach at Ormond
15 minutes to dog-friendly beach at Flagler

A great opportunity to enjoy first-class Florida living---
at a fraction of buying a stick built home.

Call Miriam 386-481-7826

Calling All Snowbirds - This One's for You!

Roomy 2 Bedroom Park Model in Premier Resort Community
----- Thousand Trails / Encore Resort -----
(3rd Bedroom Option for additional guests)
Comes Furnished and includes a Huge Storage Unit -
- use it for golf cart, motorcycles, workshop or just storage.
and just steps away from the off-leash dog park!

Asking $19,888 to purchase the mobile home property inc shed

$ 549/month lot rent - includes unlimited water/sewer & lawn cutting
(optional $25/month cable additional)
.....electric is additional (billed thru community at bulk rate -lower than FPL)

Located in Sunshine Holiday Daytona Resort Community.
***** located in Ormond Beach - next town north of Daytona,
and is next to "Destination Daytona" & Harley Davidson Showroom.

- Dog Friendly w/it's own off-leash dog park in the community
- Heated Pool Year-Round
- Tennis/Pickleball Court
- Mini Golf
- Shuffleboard, Horseshoes, Bocci, Volleyball, Basketball & more
- Activities like bingo, cards, crafts, etc.

10 minute drive to beach at Ormond
15 minutes to dog-friendly beach at Flagler

A great opportunity to enjoy first-class Florida living---
at a fraction of buying a stick built home.

Call Miriam 386-481-7826

What i have seen done, which i think is the way to legally go, is handout a list of 5-10 lenders that you know do mobile home loans with their phone numbers. This way, you are not "steering" the buyer towards any individual lender. And, of course you would be the first one on the list?

Double check your state & county laws...I do know in my area, there is a 10-unit minimum threshold that puts it into the MHP class. 6 units may end up in a different class, zone, etc.

Myself, IF the area is conducive to it, i would buy it, rehab them all with different themes (like swampland, big easy, etc.) and create a cool Air Bnb rental "compound", where could get $50-$100 a night income per unit. Run & build up the biz & occupancy for 2 years, then re-sell for a whole lot more.