All Forum Posts by: Ron T.

I own a small MHP, actually 2, in SC.

Ive had excellent luck going to the new MH dealers and telling them I'm looking for old trailers. I'll pay the haul off fee and throw the salesman $250 for any good leads he finds me. When a guy comes in looking to buy a new trailer and has an old one in place removing that home can stand in their way to a new sale. 

I one time even had the MH company pay me $3k to take on  away, I didnt ask a lot of questions but I guess they had extra profit in the new deal.

I know there are a few on craigslist right now, you move, for cheap.

BTW Bill is right, make sure and check all the local ordinances. For example in York County you can not put a mobile home anywhere in the county, regardless of age (with one very small a specific caveat)

I don't post a lot here but felt inclined to do so because I just went through a similar situation. My tenant had been in place 4 years and was 2 months in to a re-up when they emailed asking for new carpet throughout the house and a fresh paint in every room. Below is a copy and paste of my response (with pertinent info edited out) I think may be useful to you:

• A)We will leave the home as is and rent will remain the same as it has been for the duration of your stay.
• B)We would propose to re-carpet the entire home and repaint all interior walls (not ceilings) and we would increase the rent to XXXX. You will notice that the new amount is $50/month ($600/year) less than what I stated above. This is offered as a loyalty discount for your excellent customer history with us. If you would like to select this option we will need to sign a new lease agreement that we will either run through current lease end or renew for a new 12 month period, your choice. This new payment amount would be due on your April 1st payment to allow you time to plan for the payment increase, and all updates would be completed by April 10th.

Ultimately they chose to increase their rent (and re-up for a full year) and have the updates done. In full disclosure the high number is legit but I was skeptical that we would find a tenant at that price, and we were more than happy at the net $150 increase. As the total repair cost for me will be ~$1200 so the ROI is less than 1 year, and of course this is a necessary update anyway and business expense.

I think the beauty of this situation was it allowed the customer to choose how to proceed and I was happy with either decision. We did discuss but thankfully did not have to decide how to respond had she replied that neither option was acceptable. Also this is a solid B-/C++ area so I understand different dynamics would exist in either a higher or lower end property.

Good luck and please let us know how it turns out!

 @Rod Desinord

Disclaimer: I am not and never have been a wholesaler. I have bought several properties from wholesalers.

I'm not sure where I stand on the overall ethical debate, however in response to this one point. Grandma go a buyer when she otherwise may never have known how to sell her house.

Real example of a property I closed on in January. Wholesaler calls says he has a deal "right in my neighborhood" (which is out in the sticks not in a neighborhood at all) 

Long story short: grandma/homeowner lives with son in VA. Family home in SC has been vacant for 12+ years.

I paid $50k. 

Grandma got $43k 

Wholesaler got $7k

10 years ago a grand daughter wanted to buy the home. The bank wouldnt lend on the home because the well pump was bad and the HVAC system didnt work. Grandma thought this meant the house was worthless and had let it sit vacant "to fall down".

Since I could pay cash I wasn't worried about banks. Fully rehabbed this house is probably worth $110k on its best day. It will take ~$25k to rehab it myself, $35-40k if you hired everything out/paid "retail".

The service provided to grandma was:

1) Introduced me to her

2) Educated her

3) Did all the legwork for her.

It was a win-win-win.

I know not every deal or every wholesaler works this way. Just illustrating that they can work this way. This house had no place with a broker/agent because it wasn't fundable conventionally.

Lawrence,

I own 2 small MHPs in SC currently.

If the property you are talking about is in Spartanburg, connect with me I can save you a lot of time and headache. If it is the one Im thinking of I had it under contract in December and then learned that 5 of the units had been condemned and furthermore had been found to have illegal water taps and it doubtful they will ever be permited by the county to be habitable. 

Sent you a connection request.

I hold multiple rental properties in Clover. Definitely interested.