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I am needing to find a few mobile homes to put into a park. Our hope is to have about $25,000 into each one, total. Where is the best place to find used or foreclosed mobile homes? This is for the Florence/Darlington...
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I've got a MHP under contract, in the process of due diligence currently . It's coming with 22 lots, 4 are empty . I've read about different ways to fill them . From giving current home owners monetary insentive to mo...
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Hi everyone! I'm at the very beginning of my journey of real estate investing. I have taken an interest in manufactured homes and am trying to learn about it. But I'm confused about something. I live in Illinois and I...
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I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
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Sorry, this is complicated, but I want good advise from any/all, so I'm going to include some details.
I closed on my first duplex two weeks ago. The property was fully occupied and according to the previous lease, I...
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My husband and I purchased our first investment property. We renovated it and found tenants to move in on the first of this month. Today, someone randomly reached out to us and warned us about this tenant. That he is ...
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Hi Everyone,
I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sur...
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Just recently spoke to a local investor who has been investing in mobile homes for many years. He also runs a home inspection service which includes mobile home inspections as well. We never actually met in person, bu...
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How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?
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This is a hypotethical question for me that I did not see answered. As I understand it, buying a property with intent to flip it quickly, for a profit, makes one a 'dealer' in the eyes of the IRS. Dealer is someone ...