All Forum Posts by: Paul Sofia

BOOM.  Isaac is spot on.  

Agree with Lucas on planning and zoning.  As far as the homes being built cheaply, I strongly disagree.  I am a dealer here in NC and know the product pretty well.  As far as depreciation, that happens if the home is not deeded to the property.  If in fact it is deeded to the property and title released to DMV, it is then considered real property and will increase or decreased based on your market. 

Is it home only or is land included?

Lender will normally give you credit for that but you will most likely pay for closing and a percentage of initial costs depending on your LTV.

masterpiecehomesofthecarolinas.com  is the retail side.   My development company does not have a web site.  I do specs and flips with that co. Tarheel Property Group is the name of that company.  If you're ever  in the area, let me know.   I can show you some product.  

I own a mod retail company and a development company using mod specs. Same construction code as site built. Same comps to boot. I also deal in manufactured homes built HUD and state codes. Different products. That being said, I can usually get a home from one of my manufacturers in 30 days. i can typically get a job done in less than 90 days, weather permitting.

https://www.afrcorp.com/.  Construction to perms.

Actually, if you cannot find by what Frank suggests, there are also HUD tags on the ends of the home....If you can get those and submit that info to IBTS, for a small fee, you can get the data plate information which includes the serial number.


https://www.ibts.org/what-we-do/verification-letter-certificate/

......I would add, get educated in this space prior to wading in the waters....different animal.

Agreed...I'd really dig into that one.  Something is not right here.