Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal?
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Madi Edwards
Atlanta's Industrial Real Estate - Where Opportunity Meets Innovation
27 January 2025 | 0 replies
From sprawling warehouse facilities to cutting-edge manufacturing plants, Atlanta beckons with its strategic location, unparalleled infrastructure, and vibrant business landscape.
Griffin Schermer
Brand New Community Development
25 January 2025 | 0 replies
Purchase price: $3,636,000 Cash invested: $700,000 This is a brand new 40 home build to rent manufactured housing community.
Gamal Harding
Columbus Lands Another Large Tech Firm! 4000 Plus Jobs Coming
18 January 2025 | 7 replies
Quote from @Gamal Harding: Anduril Industries' Expansion to Columbus: A Transformative Move for Real Estate InvestorsAnduril Industries, a prominent defense technology company based in Costa Mesa, California, has announced plans to establish a new manufacturing facility in Pickaway County, near Rickenbacker International Airport.
Danielle B.
Best Pockets in Ohio for Section 8
27 January 2025 | 7 replies
Its close enough to central OH that it will eventually get the economic growth we are seeing in cbus, and surrounding counties, and it has a decent employment and economic diversity, ie military, medical, manufacturing, higher ed.
David Jesperson
Fix and Flip First Experience
17 January 2025 | 5 replies
Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land
Ugin Rapoport
Manufactured Home Permanent Foundation
23 December 2024 | 1 reply
Hello, I am looking to place a new manufactured home (likely a 3/2 built by Clayton) on land in a growing market.
Tekoa Glover
Mobile Home Investments
12 January 2025 | 1 reply
Majority of DSCR Lenders do not allow Manufactured homes but do allow for Modular.
Simone Mancuso
Have you ever seen a rolled roof installed like this?
19 January 2025 | 2 replies
I would find out who the manufacturer is and send it to them and confirm they will provide a warranty on this.
Zoe Brennan
New Agent & Aspiring Investor
27 January 2025 | 3 replies
Both my wife and my background is in manufacturing, specifically operations, customer service, and project/account management.