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All Forum Posts by: Tracy J. Adkins

Tracy J. Adkins has started 6 posts and replied 21 times.

Post: Install permanent foundation under existing mobile home

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8
Originally posted by @Lauren B.:

The quote I got was $75 per pier. The piers are already set up under the house and there are tiedowns  with a block perimeter wall.  The piers are set on concrete footers already. We have not had it inspected  by an engineer yet but I feel pretty confident that all we will have to do is bond the existing piers  because they are dry stacked and not mortared. 

 Get info thanks!

How many piers did you end up with? How many square feet is the home being inspected?

Post: Install permanent foundation under existing mobile home

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8
Originally posted by @Lauren B.:

FHA foundation requirements are extremely specific for mobile homes. We're under contract at the moment on a doublewide and the booklet for foundation requires requires piers spaced at certain distance apart,a certain square footage of venting, piers on footers below frontline, mortared , etc etc. they require an engineers inspection to approve it. If it were me I'd call your local mobile home dealers and ask for the mason they use and talk with them. We're having to bond the piers with surewall to meet fha requirements. It's also 20 yrs old.

That's what I have gathered - between the tie downs, mounting, depth, etc. All of that is fine with me. And I only have to learn it once, the next time will be easier. 

It sounds like your system is being installed w/o moving the home is that correct? If you don't mind me asking what the cost was? 

Post: Install permanent foundation under existing mobile home

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

Has anyone found any foundation systems that can be installed without having to move a doublewide thats been in place for a decade or two? 

I know that can pull the house out of the way and do a traditional slab/pit, but was curious if there was a better way. The idea is to be able to get the house into FHA standards, ie strapped down to a permanent foundation.

Thanks all

Post: Single vs Doublewide MH for rental

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

Thank you Rachel! 

That makes sense and you brought up a great point - financing or more refi. Is it harder to get refinancing on a SW v DW? (all things being the same: on foundation, age of unit, plot of land, 18-24 months of steady tenant occupancy, etc).

Post: Single vs Doublewide MH for rental

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

Hello all,

I was just at the local MH dealer and looked at a few homes for a lot of land. I was set on a doublewide and honestly have no idea why. I am set on it being at least a 3/2 and 1100-1500sqft. 

Do y'all see a difference in vacancy, turnover, type of tenant, etc? Or am I over thinking DW v. SW?

Most of the dealers here have "free" delivery and set up on both so IF I go thru a dealer setup (dropping in place, water&septic) cost isn't a factor. Obviously, transport from a private party sale would be different. Footing would be more (I am planning on putting it on a foundation to refi later). 

I learned today singlewides are much cheaper and easier to find...

Thank you! 

tracy

Here its saying submetering in NJ is illegal for profit. The term is check metering there and looks legal. (From a vendor site so further investigation needed)

m.multifamilyutility.com/?url=http%3A%2F%2Fmultifamilyutility.com%2Fsubmeteringnewmexico%2Findex.html#2694

Post: Craigslist Response Rate

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

Thank you both for the help! I will be using that for marketing as well.

With that being said - what is considered a good vs average response rate to a rental ad? Should I get three calls a day? Five a week, 20? 

I'm new to the rental side of things (I'm a slow learner), so I don't really have a good reference point to see if my thought on price point is $100-200 high or low. Or more.

Post: Craigslist Response Rate

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

Good evening all!

I am curious to know if I have a rental house priced correctly. How many responses from craigslist do you tend to see in a day/week? And with that number - how long until you have a qualified tenant with a lease in place?

The location is more rural, only three other rents came up on rentometer w/ a 10 mile search. I understand that rural has the possibility to have lower traffic. The property is currently 35-40 minutes from Abq. 

Thank you all in advance! I look forward to the answers. 

tracy

Post: Investing in Austin, TX

Tracy J. AdkinsPosted
  • Flipper
  • Albuquerque, NM
  • Posts 24
  • Votes 8

@William Smith sounds like we are in the same boat. We just moved up here from SA last weekend. Definitely a different market. Lol. 

I'll send you a request. I'm sure we'll run into each other. 

That would catch my eye as well. Good luck!!