All Forum Posts by: Sid Leibowitz

I understand about all designations. A Mobil home is exactly that. A mobile (easily installed and removed to another piece of land. No Foundation other than a couple of cinder blocks to level the unit. A pre-manufactured  is a factory built home or AKA modular home that is built in a plant and disassembled and trucked to a site and re assembled where it is installed on a foundation with a basement or a slab that is concrete that meets the local compliance of the building and zoning departments. A trailer is AKA a Mobile home, It can be jacked up on blocks or left with the wheels on it. In most areas of the upper east coast you must have a foundation or slab in order for the  Municipality to collect land and school tax. It also may cover sewerage, garbage removal, snow removal services. Most municipalities do not like any structures that do not pay tax to the municipality. 

Hello Jimmy. A mobile home is a ore-manufactured small home with the proportions of a travel trailer (RV) in many cases they are a travel trailer that was rolled in place and jacked up on blocks with lattice skirt that is installed to hide the wheels and blocks that it sits on. Since they are not constructed well as house they are prone to lots of repairs Iike plumbing that is made with PEX tubing and roof seams that leak if not caulked with urethane or silicon every year. They are not really hurricane proof. The bulk on the investment money may be going to a management company or HOA to provide services to the park. The park usually owns the land and you own the unit only. There is no deed. If they want you out because the land owner decided to build permanent homes or an office building on the land they may ask you to take your home and leave. If you have a tenant and they have a lease then you could be in a legal battle. All you have to offer is a unit and no place to put it or you have to find another park to take you in. Is This the direction of your investment? You can also look into Travel trailers that you could more easily sell in case of an eviction. You would not do so well as trailers do not hold their value but at least you will not lose it all. Check out Travel Trailers on line, Go to an RV show and look at Fifth Wheeler's (large trailers). You can finance those through a dealer like you do a car. They have a resale book value. They diminish yearly so you can check the loss every year on line by going to NADA Used Trailer guide and see what they are worth. If you have to get out you can sell the trailer back to a trailer dealer. Hope this helps. Best, Sid

Christina, Mobile homes are not designated as all year living structures. They are poorly manufactured with cheap materials and nothing ore than trailers that are put up on blocks with a lattice around as a skirt to hide the wheels and frame. They are fairly inexpensive and if you purchase from a dealer then they will arrange financing with a company like John Deere. The new unit can rolled in place in a few weeks after you find what you are looking for. They make many sizes.  A new unit may be less that doing a renovation on an old mobile home. They do have time limitations on longevity. They tend to leak and when water infiltrates the roof seams the water will  travel down inside the walls and when the water freezes the water will expand and blow the walls out.  Investigate new trailers or fifth wheeler's on the net or go to an RV show and look around, Best

Do you think that she is dumping and is a serial dumper? Perhaps she is mentally ill? In any case just install a surveillance camera on a pole on your property. If she sees that perhaps she will think twice about dumping. It may not even be her. Could be another family member doing it. 

Hello Ceasar. I am seeking an investor in the East Bronx to partner with. I am a sweat equity partner. I am an experienced Flipper, Project manager.  I grew up in the Bronx and familiar with every area. I am Interested in East Bronx, City Island, Country Club possibly Pelham Bay. I am currently on the North Shore of Long Island. Do you have any connections there? Best

Regardless of how savvy you are, education is a driving force and will be in the future. We are not living in the 60's when you could work hard and make it. That is unless you hit the lottery. Recruiters and real estate developers are not willing to consider you with any type of deal or project management positions without a minimum of a bachelors. They are snobs if anything else. You can eventually pay off the education. You can not pay of life long gaps in employment. 

If anyone is looking to do a flip in the East Bronx l and requires a professional experienced sweat equity partner, project manager partner, I may be interested.

Kevin. Construction is always a practical approach however; will not get you where you want to go very fast. The degree is. Development is White collar not blue collar.  Construction is mostly blue collar unless you are a project executive which is advancement from project manager. This advancement may take many years. If you have the math aptitude,  you may want to look into Engineering. An engineering degree may help you in the right direction or Architecture. However, I believe an Engineer has a better compensation and more in demand. Best, Sid

I agree with David and Michaela. Talk with a local real estate attorney so you comply with the local laws and be grateful that they did not do any more damage. Personally, I do not have the gut to be a landlord any longer. I like rehabbing and flipping and have made more profit from that. Best

Rae. I am not a fan of rehabbing mobil homes and renting to section 8. The renters are too mucch trouble and you will not be able to make much if any money with that. A Mobil home is nothing more than a trailer with the wheels removed and placed on cement blocks. If you purchase a new trailer they are inexpensive and you can get financing on them. The rent would cover the loan and you have to take in account the homeowner fees or land use rent and taxes They come with appliances or you can purchase inexpensive larger appliances like GE as you are not moving the unit like a trailer. The ones that come with the unit are small and light weight to allow for portability of the trailer on the road. The wiring and plumbing would be complete and they are constructed of inexpensive materials and manufactured in a factory. They are not hurricane or storm proofed well they will develop leaks in the roof in a year as the UV rays break down the caulking that they use in a factory. Thats the plan to keep the trailer people coming back to a dealer for service unless you can do that yourself. Your proposed  unit is under going the damage from inexpensive floors and interiors materials. The cost to renovate will be more in the long run than new and you will still have an old unit. That is good money after bad. I am just being blunt. working with section 8 is another loser. People can not afford to live and pay. They usually are drunk and irresponsible or on drugs that take all their money. They are domestic disturbanses and they are uneducated. The police will be there for yours or someone elses unit weekly. They will destroy your investment. Please  look for some other investment, Best