Expertise is now highly mobile.

It is important to get a great deal when buying mobiles because, "you make your money when your buy. not when you sell."

I'm new to mobile home investing.I've done some homework and have an idea on how to value parks but would like to get opinions from you who have more experience.I was hoping to get feedback on what this is worth and what I'm missing?

I'm new to mobile home investing.I've done some homework and have an idea on how to value parks.This seems like a good deal to me but would like to get opinions from you who have more experience.I was hoping to get feedback on what this is worth and if I'm missing any important factors that would affect the price.It's not a pretty park,older homes and low income area.The park is listed for $260,000 and has been appraised at $365,000.It was previously listed for $450,000.24 lots occupied by park owned homes free and clear.35k value19 currently rented at $9,400 monthly.5 need some work to put on pads,estimated $11,000 expense When full $11,000-$12,000 monthly income.Owner low balled expenses so I'll estimate 40%=$3,760.I asked about maintenance issues and he says it could use some landscaping,painting and may have to buy two new septic tanks soon.I'll use $10,000 as an estimate.If the DD works out I'd like to flip this for quick cash so I can build reserves for future deals.Let me know if this a deal.Thanks

Does anyone know if a mobile home can be insured if the home's serial number cannot be found?

Example--mobile home on land that can be purchased for $25K and rented for $700/mo, while the stick built house across the street sells for $70K (because there is financing for it), and rents for $800/mo.

I'm VERY new to mobiles so take this for what it's worth: Have you thought about creating a note for the mobile and leasing the land?

There are also "Lonnie deals" being worked in mobile homes by many BP members, with good profits, for well under your $10k limit.

Ultimately, he didn't show up in court, and we were awarded about 10x what we were owed; I don't think the judge recently understood the situation, but she didn't seem to care and was happy to award us a lot more than we were owed.We haven't yet been able to collect, but the mobile home park where the guy lives just went up for sale, and we're negotiating with the owner to possibly buy it...if we do, I have a feeling I'll get my retribution

Here are the numbers on one I just contracted today.3-2 DW mobile home on one acreTax value -- $67KOriginal HUD asking price -- $50K (June 2009)Later dropped to $40KSomeone contracted it at ??