All Forum Posts by: Shel Masters

You can search public records and/or work with a local title company to determine who owns the land. If the homes are located in a park, you'll want to make friends with the park manager. Many are hostile toward investors. Bring cookies.

Many parks don't allow leasing.

I wouldn't recommend continuing to do business with the current occupants who defaulted on the taxes. Follow the local laws, but see if you can pay them to go away.

Find a copy of Deals on Wheels by Lonnie Scruggs. It's a classic. I also recommend anything Adrian Smude is teaching - or Andy Teasley.

Yes they are all on someone's land (not in parks). On 2 of them the homeowner name does not match the landowner. On 1 of them, they do match.

My main business is already (an updated) version of the Lonnie, but I don't know the other 2.Thanks for the recommendations!

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I won some homes at a tax auction and finally got the bill of sale for each.

I know what to do as far as finalizing the acquisition: get the title, get the decals, and negotiate with the land owner.

But what should I do about the homes that are occupied?

- Are the occupants the owners of the land? How could I find out?

- A veteran at the auction said negotiate with them before tossing them out and/or moving the homes. What am I negotiating?

- Try to sell their home back to them?

- Try to get them to sign a lease with me?

- They'll likely be hostile toward me. Should I just send them a letter?: "Dear occupant, I own the home you're in... give me some money"?

I've been the buyer, and I've been a landlord, But this is all new territory. Any advice appreciated!

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All Forum Posts by: Shel Masters

Shel Masters has started 1 posts and replied 2 times.

Post: I won (mobile homes) at tax auction! Got Bills Of Sale. Now what?

Post: I won (mobile homes) at tax auction! Got Bills Of Sale. Now what?