All Forum Posts by: Rachel H.

@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! 

@Joseph Prainito Interesting how you found this opportunity on Zillow. Congrats on your deal! 

@Dave Rav If it's personal property, you may want to check with the government entity in charge of titling and re-titling mobile homes in your area. 

It shouldn't be too complicated. I've found it fairly easy to work with government entities in this niche when it comes to asking questions about title issues. 

Hope that helps! 

@Sylvia Krivickova Sure, feel free to DM. I can send you some resources that you can check out. Hope that helps! 

@Michael Harris It would depend on what your goals are now, either cash flow through rentals or the immediate cash from the sale. 

Regarding renting the mobile home, it depends on your comfort level with the types of clientele the home attracts. If you get quality tenants who fit your criteria (it's different for everyone), it may be worth it to rent the home. If not, you may be better off selling and purchasing something else. 

Personally, I found out the hard way that it's the neighborhood that attracts a certain type of clientele. No matter what you do, you can't do anything to change that. So when buying and holding, you really have to be comfortable with the type of clientele the neighborhood attracts. Otherwise, it's best to sell and find another neighborhood that works with your personality. 

Hope that helps! 

@Ariel Thompson You may want to check with your manufactured housing association to see if they have any sample contracts available. Many times, they do offer these to their members. 

Other than that, you may want to do some research on how others help sellers sell their mobile homes. Personally, I assign my deals to my end buyers when working with sellers to help them find buyers for their mobile homes. 

Though, I mainly work with mobile homes as personal property (not attached to land) not real property (attached to land). If you're working with mobile homes attached to land, you may need to get licensed to do what you're doing when structuring it this way. 

Feel free to DM if you'd like some resources on the subject. I'm actively wholesaling mobile homes when working with sellers and finding buyers. 

Hope that helps! 

@Maria Mora You would just have to put the approved occupants in the lease. Though, yes it's not a guarantee people won't live there and squat illegally. 

Regarding eviction court, usually the judge will just go off of what's in the lease when listening to cases. I've done this several times myself and I've won every time. 

Hope that helps! 

@Arlyssa Warner Sure, if you can help find a buyer who wants to live in the community and passes the requirements of living there. 

Another option would be to find a buyer who wants to buy the mobile home and move it. 

Feel free to DM if you have any questions. I'm actively wholesaling mobile homes and have been in the niche since 2007. 

Hope that helps!