All Forum Posts by: Rachel H.

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! 

@Megan Hubbard You may want to start locally first. Check with local mobile home dealerships and small banks or credit unions. 

If you have a relationship already with a local bank, they may be able to help. 

Also, check with your local manufactured housing association. They may be able to help and provide some referrals. 

Hope that helps! 

@Ginger Winn If you're planning to put newer, used mobile homes on the land, you may need to check with the zoning department. They'll be able to tell you what you can and cannot do with the land. 

Usually, older mobile homes get grandfathered into any new rules and regulations with the city and/or county. Though, if you want to make changes with newer mobile homes there may be some restrictions (i.e. age, condition, etc.). It's best to check with your local zoning department before making plans to move forward. 

If you're able to bring newer, used mobile homes on the land without restrictions, then you just need to make sure the right infrastructure is in place. If utilities have been used on the land in the past, then it's just a matter of contacting the companies who provided these utility services and asking them your questions directly. 

Personally, I've been in the mobile home investing niche since 2007. If you have any other questions, feel free to DM. Hope that helps! 

@Emory Clayton I see this happen all the time which the mobile home parks have to deal with. 

In TX, it's handled as an eviction and goes to eviction court. You'd have to evict the tenant first and cite the lease and what it says. Then, usually the mobile home parks have to do something to get rid of the home or they can file for abandonment and take back the home. 

This is what I see being done in TX. Though, you'll have to check with the laws in your area to see how it's handled in AL. You may want to talk to some park managers and/or owners to see how they do it locally in their own communities. 

Also, you may want to talk to your local manufactured housing association. They may be able to help offer insight and referrals, should you need more them. 

Hope that helps! 

@Elvis Witcher If you'd like me to send you some resources and referrals, feel free to DM. 

Hope that helps! 

@Paul Washington I've heard of other investors doing it. Though, you need to make sure you've done your due diligence and know your numbers going into the deal. 

Personally, I haven't done it. Usually, I buy with cash. Been investing in mobile homes since 2007. 

If you have any questions, feel free to DM. Hope that helps!