All Forum Posts by: Rachel H.

@Daniel Sharma Definitely look into the major things of the home including: roof age, plumbing, hot water heater and air conditioning unit. Even with rehabbed homes, some of these things are overlooked. Good luck! 

@Jeramie Jazikoff You'll probably have to bring in a partner or private lender to do the deal. Another option would be to ask for owner financing. Hope that helps! 

@Matt Heidenfelder You may want to check with mobile home dealerships in your area. They are always working with financing companies. Also, talk to your local manufactured housing association. I've found both to be good sources of information and referrals as a mobile home investor myself. Hope that helps! 

@Christine Sommer I have experience buying and selling mobile homes as well as wholesaling mobile homes. Feel free to DM with any questions. Hope that helps! 

@Brant Graves Feel free to send me a DM. Would be interested in hearing what you have available. Thanks! 

@Mike Duerkes If the home is occupied, I'd be cautious about looking inside. Most investors drive by properties they intend to bid on and calculate the worst case scenario to arrive at their bid price and maximum price. Good luck! 

@Debbie Nunez You'd have to do a full market analysis in terms of purchase price and rents in the area. This involves visiting multiple parks and talking with park managers, mobile home dealerships and others who work in the industry locally in your area. 

Regarding the home itself, you'll have to do a walk through of the home to determine what (if any) needs work and/or replacing in the near future. Items to watch out for include: plumbing, roof, flooring and siding outside. Also, if the heating and air conditioning and hot water heater have not been replaced lately these will be costly items in the future to replace. 

Once you determine what needs to be fixed up and/or replaced, then you'll compare with your market analysis to determine a price you're willing to pay for the home depending on your exit strategy. 

Hope that helps. Good luck! 

@Ebony Coats To be honest, building rapport and introducing yourself to mobile home park managers is more of an art than an exact science. There's a lot involved that helps when you're trying to establish relationships. A lot of it has to do with trial and error.

To get practice, you'll have to introduce yourself to park management multiple times. You'll learn what works and what does not work. And honestly, it can be different for each person you meet as people have different types of personalities and ways of doing things. 

Hope that helps. Best of luck to you! 

@Keritan Shelby Good info to know on the "Lessons learned" area. Congrats on the deal, thanks for sharing! 

@Melissa Johnstone You may want to check out both scenarios to see what your options are. One thing to keep in mind if you're buying in a park is the lot rent which usually tends to go up. 

If you own the home and the land, this is not something you have to worry about. Though, everyone's case is different. 

Personally, I've been in the mobile home investing space since 2007. Have seen a lot of ups and downs, but overall it's been a profitable niche. 

Hope that helps!