All Forum Posts by: Sabrina Laplante

My "neck of the woods" is only like an hour east of Fresno. No good here either!!! California in general is getting worse and worse every day! My family and I are planning on relocating to AZ in the next year or so, and I am anxious to be out of here! My sister and brother n law have considered going to Montana or Idaho; we have a few friends that have moved to Idaho. It seems as though that is a cool place as well :)

Welcome Krystal, you have for sure found a great place to be here on BP!!!! It's not uncommon to hear about a fellow Cali native wanting out!!! Where about are you looking at moving to? Sounds like you are off to a great start with your investment property already, best of luck to your continued success!!!

I think it really depends on what market you are in or looking to invest in. I know an old single wide mobile home here in CA might be listed for $15,000 with lot rents anywhere from $400-$600, yet that same mobile home you can find in Indiana for $4000 and lot rents for around $225 or so. I am not sure of any specific data, but you might check with John Fedro on here, he is the go to guy for a lot of mobile home questions and might be able to help you out :)

"Monthly rent typically ranges from $100 per month, although high-end developments with amenities usually charge more than $200 per month."

Not done with this article, just had to laugh at this statistic as well....

Hi Bryan Hennen, I thought the one line about financing, "though banks finance most mobile homes." was a bit off in this article. This is why the "Lonnie Deals" work so great (However, slowed down in regards to the SAFE Act) because you can't get financing on these mobile homes.

Ok, so we are not even allowed to discuss details about the way owner financing works with a future buyer what so ever? The MLO handles everything? They use their own contracts? I'm still a bit confused....Thanks so much for the response!

I guess I wasn't as worried about it (SAFE Act) until I started seeing so many post from @Bill Gulley, regarding the fact that we should even go as far as discussing a deal when it involves owner financing as an investor, because that is disobeying the law. I have talked to several lawyers in several states and they all said that it is still so new that even the legislators who put this law into effect do not fully understand it yet so no one is 100% where to stand ion it at yet. Very confusing/frustrating. If we as small investors can make it a win/win situation for everyone, I think they should stay out of it, IMO! Thank you so very much for this list as well friend, hope things are going great out your way!!

So id I read this right, depending on the state, you are able to comply with the law/SAFE Act up to a certain number without having a mortgage license?

Haaaa, Donald, I love that!!!! This is why I am getting the heck out of here, ASAP!!

Welcome Anna!! Best of luck, there is all kinds of great information here!!! I love your area up there!!! The air is so much cleaner than here in the Central CA area!!!