All Forum Posts by: Mike Matthews

Does he keep title with his Retail Installment contracts? If he doesn't I say no way in h#ll. The larger down payment will keep them motivated.

Congrats, I do care, I stop at 20 years of Age Lonnie does as well. At least that is what he says in his book. I am glad it is working out for you. Good job.

How many miles away is this home from you if I might ask?

You don't need to worry about that, Obviously the park manager knows they have to approved through her before they can buy an owner finance home. She is the one showing the house for you silly.

YES IT IS A PROBLEM . They just take off or you throw them out. However it is easy to get a new buyer in the home. And you only lose lot rent each month it is empty. I lose !,300.00 plus every month my sticks and bricks homes are empty. Also I make more cahs flow with the mobile homes. So do you see where I am coming from.

Your answer is Bartering, I often take what CASH the have and see what they have to barter. In fact I was riding my ATV this morning. I got that from a barter.

CONTACT ME AT [PHONE NUMBER REMOVED] I buy Mobile Home and Mobile Home Parks.

Thanks I will pay a good referral fee.

And aturn around is Not a good idea for a new MH Investor. Unless you have tons of cash. You can get a loan for the park, but all the mobile homes you will need to buy to fill that park at 15K each will break you fast, That has to be out of your back pocket. Not to mention updating the meters to 200 amp, sub metering the water. I can go on and on

What info for Arizona? You need to be more precise.

I am a full time Mobile Home Investor in Texas and Mobile Home Mentor. If you Retail Sale Mobile Homes , then yes you will need a Retailer Licence to sell them.

If you rent to own then no you will not. Meaning you will hold title.

You will need a 50K Bond, That will cost you $1000.00 a year.

You will need to take a 3 day class which you just missed it started Yesterday. that is $250.00 and the Licence fees to the state which is $550.00 a year.

This is TDHCA web site.

http://www.tdhca.state.tx.us/mh/

YES, It is.

Rental Law for Family dwelling is pretty much the same state wide. It only varies for commercial. Which this is not a commerical contract.

Seeking Mobile Home Park Investors/Partners

Why should you invest in a Mobile Home Park?

• Security Mobile Home Parks have remained one of the most stable and predictable real estate asset classes. Rarely will you see a foreclosure.

• The loan failure rate is nearly zero.

• In today’s economy, affordable housing is in HIGH demand.

• Much better returns than today’s stock market.

• Only the lots/dirt are rented, less maintenance problems.

• Average operating expense rate of only 35%. Apartments are in the 60%

• Much lower turn over ratio. Average home stays in a park 25 years. If they move it out. It costs over $3,000 so the home remains.

• When you raise rents by $10, $20, $30 or more in a park, it is less justifiable for a person to pay several thousands of dollars to move their home to save $ 30.00 a month.

• Increased depreciation rate over 15 years, which equals a major tax advantage.

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