All Forum Posts by: Rachel H.

@Jaime Felber You may want to check what's listed on craigslist as well. I see a lot of smaller landowners and mobile home parks list their lots available there. Hope that helps! 

@Michael H. You may want to wait until the market cools off a bit. Those I know who've been successful in the Houston market usually are doing off-market deals. 

I left the single-family home business as a real estate investor back in 2007 when I started investing in mobile homes. I'm still in the niche as I think there will always be a market for affordable housing. I really enjoy it!

Like any niche in real estate investing, it has its ups and downs. But overall, it's been profitable. 

I think the insurance rates in Houston may be a bit of a challenge now as a buy and hold investor. I can understand your frustration. 

For me, I've shifted to wholesaling mobile homes which I really enjoy. Personally, I haven't encountered challenges with insurance companies yet as a real estate investor. 

Best of luck with things! 

@Joshua G Steed I have yet to buy a mobile home at auction but have heard about them. You may want to get some ideas by attending your local real estate investment club to see if anyone has ever done this before and their thoughts. 

Many times, you may get some referrals there if you're looking to expand your network if you're looking for lending opportunities. Hope that helps! 

@John Boutros The only think that comes to mind is private lenders or trying to find small, local banks and credit unions who are willing to lend. You may want to also circulate this opportunity in your local real estate investment group. Maybe you'll get some referrals or other investors interested. 

Hope that helps! 

@Nic Bray You may want to connect with real estate agents locally who work with tiny homes. If there are people buying them, it's best to see how they're buying them. 

Since it's a new area, it's something that I see more and more. Also, some mobile home parks and rv parks have some tiny homes in them. You may want to talk to some parks owners locally to see how they're financing their purchases. 

Hope that helps! 

I think it can be challenging to be a virtual wholesaler. As an investor that started bird dogging, then wholesaling and then a buy-and-hold landlord in single-family homes, I've always been local. 

Even now as a mobile home investor, I still do things locally. I started out buying and holding mobile homes for cash flow. Now, I wholesale mobile homes helping sellers find buyers for their homes. 

I'd say, my experience buying and holding mobile homes myself has helped me to educate sellers when helping them sell their homes. Also, I have an extensive network which helps since I've been in the mobile home investing niche since 2007. 

Interesting topic for discussion! 

@Jaime Felber If you have a lot of long-term tenants and the homes are pretty old, many park owners I know usually negotiate a fair price in exchange for just selling the home and receiving lot rent. 

It may be costly if you make current renters own their own homes in the park. Some may want to move and then you'll be left with an older, used mobile home which you may have to fix up or trade in for a newer, used mobile home depending on the condition. 

If your tenants do not want to switch and purchase the homes, then you'll have to have an end point on your leases. Then, they'll move out of the park and you can take steps to fix up the homes to sell them or remove them and find newer, used mobile homes to replace them. 

Hope that helps! 

@Madison Clark You may want to start by talking to some small mobile home dealerships locally where you live. 

Back when I started investing in mobile homes in 2007, I remember visiting a lot of dealerships myself. I remember having a lot of good and informative talks with the smaller dealerships and talking with the owners about how they started out. 

Many of them owned mobile home parks as well. The dealerships just seemed like a natural part of being in the business. 

Hope that helps! 

Yes, definitely contact @Jo-Ann Lapin for all of your mobile home financing needs. She'll be able to help answer any questions you have. Very knowledgeable on the subject! 

@Dametric Shaw You can either try to work with the buyer and go the owner financing or lease with option to purchase route, or try to work with another buyer who will qualify with another lender outside of FHA financing.

If you need the money now in cash, you may want to find a different buyer to work with. If not and you're comfortable with the current buyer, you can look into owner financing or the lease with option to purchase route. 

Hope that helps!