All Forum Posts by: Rachel H.

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! 

@Chase Tompkins Sure, it can definitely work. The key is to know the market including the supply and the demand in the area. 

Personally, I've been investing in mobile homes as a buy and hold investor since 2007. I started out buying and holding in parks. It can definitely work if you're able to build relationships and create rapport with park managers and owners. Also, if you can provide solutions to people's problems and get good at it you'll do well in this niche. 

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

@Eric Davis You may want to check with your local real estate investment club. There may be investors there who have contacts and referrals. 

Another option is to check with your local manufactured housing association. I've known other investors to use hard money when purchasing mobile homes and parks. Usually, they get their contacts through these routes and by being in the industry. 

Best of luck! 

@Pandu Chimata You may need to start getting estimates if you're planning to add infrastructure to the vacant land. If there's no record of anything ever being put on that piece of land, it means you'll have to add infrastructure to it which can be costly. 

Hope that helps!