Thanks for watching! Hope this quick walk through was a bit helpful. Remember to check each mobile home for the BIG 10 Repair Spots: Floors, Walls, Ceiling, Electric, Plumbing/Hot-water , Roof, Siding, Appliances, Windows & Underneath/Foundation.
John I have a what may be a silly question. If you're planning to wholesale a mobile home then you obviously don't even need to check the home or anything or worry about having to repair at all right? Because you acquire the contract from the seller that really just wants someone else to deal with selling it quickly. Then once you find a motivated buyer and you show them the home and they decide whether it's worth the investment. So basically do you need to wholesale mobile homes that are in good and move in condition or are there buyers motivated to pay more than the contract price for a mobile home that needs repair? I hope that long run on question made sense and thank you for the amazing content. Keep grinding 👌🏽
John thanks for the video any chance you could do a breakdown of the offer and repair costs you made on the last one? You said they were asking 8k but wondering what you offered etc
@@carsnob thanks for reaching out and connecting. The answer to that question is, it depends. You are definitely right that the minimum function of a wholesaler/bird-dog either get the home under contract or point the investor to a mobile home opportunity. It is not necessarily the wholesaler/bird dogs job to make sure the mobile home is in any particular shape one way or the other. You are correct that there are many wholesalers that may never even see a mobile home or single-family house before wholesaling it. Also, there are wholesalers that will have a handyman go through the mobile home to give a bid in writing. This bid can be provided to an investor/buyer you are planning to sell the mobile home too. This is important because some wholesalers seem to pull repair prices out of their butts. They may estimate a mobile home takes $5000 in repairs, where another investor or handyman really sees it as $10,000, or $15,000. As a wholesaler/bird-dog you do not need to know exact repairs however it is important to know the repair costs and how much your end-buyer will be into these repairs forcefully can still make a decent profit. Unless of course a local mobile home investor simply tells you they will pay you $10,000 for any 1990s double wide that you can find, and they were to actually mean it. But besides this the more information that you know the better. I hope that this helps some and make sense. Keep in touch. If you have any follow-up questions never hesitate to reply. All the best. Talk soon, John
@@brandondrzewicki5735 thanks for reaching out and connecting. I will absolutely be doing something a lot like this on a future video. Thank you for suggesting it. Moving forward any future suggestions, questions, or concerns you have never hesitate to reach out anytime. All the best. Keep in touch. Talk soon, John
Very helpful thanks. My wife and I are simply looking for a mobile home we can renovate. She had a bad stroke so we are doing this on just social security.
I was surprised you didn't look under the homes. If the plastic and insulation underneath is butchered up,if the wheels and axels are gone especially the first 2 mobile homes,someone is paying me to take them. Here if the house can't be fixed cost effective,it'll cost $300 to haul it to the landfill and the landfill will charge about $700- $800 to tear it apart and bury it. So if you're unable to take an $1100 or more hit,there can't be any big surprises. If you buy a mobile home where the structure is so bad to truck driver won't take a chance to haul it off,it can cost up to $2500 to have a licenced and insured crew dismantle it and haul it off. You touched on many good points,but for the first time person who misses even one or two big problems,the whole thing could be a disaster. Great video
Hi Bill. Thanks for watching and commenting. You are absolutely correct about looking underneath the home in detail to spot the wheels, axles, any leaks, stagnant water, animals, junk, building supplies, mold, the foundation settling, and more. Absolutely before somebody purchases a mobile home should they look underneath the home. If the home does have to be moved then taking into account renting axles and wheels and/or welding on a tongue should be taken into account as this will have to be paid for by somebody. In my experience hauling off a mobile home and having it removed will run around $3000 one way or another, just like you mentioned. Lastly, if the home does have to be moved in the frame is damaged or welded this might be a dealbreaker for the mover who will not move the home. You bring up a lot of good points that this video did not tackle. Luckily there will be another inspection video coming out in the next few weeks with a few surprises. Thanks again for commenting. Keep in touch moving forward.
Thanks for commenting and reaching out. I think you're the first person to say they look professionally done. Our editing overhears getting a bit better. Thanks for the kind words. Hope that these videos are helpful. Keep in touch moving forward. All the best. Talk soon, John
We just took on a hope that was t horrible horrible but hadnt hadnt had one thing fone in 25 years resupped everything new plumbing hot water tank ac ect buts on our own land with super low taxes thinking of flipping them as you do i fo all the work my self as well ad my wife glad to have found your channel thank you
Thanks for commenting Timothy! Very glad to hear about the mobile home and the idea of flipping. Glad to hear you will be doing this with your wife as well. Moving forward when you either have mobile home related questions never hesitate to reach out any time. All the best.
Thank you sooo much for educating us on so many much needed topics you answered so many questions ! I’m subscribing and looking forward to more videos!! Stay safe🦋🦋🦋
Thank you so much for reaching out and connecting! Happy to help when possible. Stay safe as well. Any mobile home related questions or concerns never hesitate to reach out any time. Happy to help if possible.
Hey Paul! Yeeeaaah!! Right on! Congratulations on selling that one on payments for 72 months. Obviously a win-win for all parties. Keep up the great work. As always, any follow-up questions that you ever have never hesitate to reach out any time.
Interesting to see some lots cleared and prepared for replacement. Have you talked to the park owner about a deal where you dispose of the two older homes and bring in nearly new homes? It seems like the park owners tend to do that type of redevelopment themselves. 🤔
Hi BackwoodsBungslow, Thanks for reaching out and connecting. You are absolutely correct that many mobile home parks around the country are proactively removing older homes and spending money to upgrade their parks and some of their older and perhaps vacant mobile homes. However I would say that there are many times more mobile home parks that have older and junkie vacant mobile homes that would absolutely love to remove some of their older homes and replace them with newer ones. The problem is we probably do not want to do this in these areas as individual mobile home investors. As individual mobile home investors we would like to move a used mobile home onto a lot and sell it for cash or payments. If you will be investing money into the home, move, connections, repairs, etc. that you will most likely want to sell for cash. This is most easily be done in a high demand area. In these high demand areas a number of parks are being bought and sold and have mobile home park owners that are willing to do what we described above… Remove and replace older homes in their communities. With that said they may have a lot of empty spaces and they may welcome you, or few may look at you as competition and not want you there. With that said there are likely hundreds of mobile home parks and on private land around you if you are willing to drive. I hope that this helps some and make sense. Feel free to keep in touch. All the best. Talk soon, John
What is your goal with mobile homes? Flipping? The park owns them? I’m a little confused exp when you were talking free lot rent. Are the homes worth renting or more so if you put them on your own land?
Thanks for commenting and reaching out. If you are asking these questions then I certainly apologize I was not clear in the video. The free lot rent will be negotiated because the park owns some of these homes, and that is simply part of the negotiation and the price. Flipping them to another buyer is a strategy for sure. Cleaning them up perhaps. Selling on payments may be. The answer to most of these questions are, it depends. If you are able to move the home onto your own private land that certainly may make sense. However if you are able to create value without moving it that may make sense as well. There are definitely other mobile homes that must-be-moved that you could take potentially move on to your private land as well. I hope that this helps some and starts to point you in the right direction. Moving forward if you have any follow-up questions never hesitate to reach out anytime. Talk soon, John
Depending on the $ u would have in buying it, renovating it., & Finding a potential buyer... If u could get a deal that u take all 3 in a package deal. That's probably the best route
well in 2013 I bought a 14 by 66 1991 on a 2 acre lot for 23500. it needed considerable work. Which we did. Its been rented for 8 years and needs painting etc again. Its now worth 80-100k. The rent paid for it twice plus the improvements. I would never buy homes pre 1987 as the old ones were trash. In 1987 the specs for Mhs were upgrade by law..#1 no. #2 no.#3 no. Submarine roof way too old.
Hi Kenn. Thanks for commenting and reaching out. You absolutely sound like you have a good deal of experience in this field. Great job with your rental and long-term hold. I like your submarine roof comment. Moving forward any follow-up questions never hesitate to reach out anytime.
Thank you for reaching out and commenting! Hope you are well. There definitely are a lot of pros and cons to gas appliances. However overall, I am a fan of them personally as well. There are many folks that would agree with you as well with regards to the paneling. Thanks again for commenting. Any follow-up questions please never hesitate to reach out anytime.
Hi Luis. Thank you for reaching out and connecting. The answer to your question is, it depends. If you're ready to purchase a mobile home that I would be happy to answer any questions that you may have. Feel free to keep in touch here or by emailing me directly at support@mobilehomeinvesting.net. All the best. Talk soon, John
Thanks for reaching out and connecting. Feel free to keep in touch with any questions or concerns that you have. Happy to help whether you are a member of my mentoring/training or not. All the best.
The last home looked like you could do that one pretty easy and fast. A good candidate. Business case wise. The second red 50x12 you did not have the key for I liked. Not for business case, because it’s probably a marginal home at best. But I like it for its style and it has what appears to be a good set of aluminum siding. But probably needs a new roof, rafters and all. I would go for the period style and look. Keep aluminum siding, paint it period colors with multiple shades. Restore all the road lights and power them with a switch so you can light them up at night. Maybe do a tin can trailer style motif. The 1st one may be to far gone to be able to bring it back for a reasonable amount of money. But I like the aluminum siding on it.
have a chance to buy a 1969 mobile on its own land in a mobile home community (Not a Park). zoned Single family as well. The home looks decent, but what worries me is the piping at that age and problems i would have long term. the price is less than 35k which is really good.
Hi Ezra. Thanks so much for reaching out and connecting. Great job with this opportunity. If you have any mobile home related questions or concerns now are moving forward please never hesitate to reach out any time. Happy to help if possible. All the best.
Hey there , I have a 14x60 a 1978 but it’s got new guts new windows new hot water tank new furnace new pitched roof new siding etc inside feature wall new flooring etc needs a relevel and some interior decorating to bring it up to market ,, any advice
Thanks for reaching out and connecting. Great job having this older manufactured home for sale. It definitely sounds like it has a lot of new elements to the home. I'm curious what work is needed to the home at this point. If nothing is needed then I would definitely encourage you to get this home on the market while summer is still here. When school starts the buying market will slow down about 25%. Depending on the price you will be asking for the home you may want to have this one listed online and offline. Even on the local mls whether land is included or not if possible. The mls will typically bring in buyers willing to pay prices over $50,000. However again I am not sure what you will be asking or the condition of the home once it goes on the market. Hope this helps a bit. Moving forward if you have any follow up questions please never hesitate to reach out any time.
Hi Maria. Thank you for reaching out and connecting. Additionally, thank you so much for the kind words. I do hope that these videos are informative and helpful to moving forward. Moving forward if you have any mobile home specific questions never hesitate to reach out anytime. All the best.
@@MobileHomeFormula wow .....thank you for the offering ....l have this one question .....who would l hire to set up a mobil home .....when l buy one? I have land in Arizona almost Utha!
So say you find mobile homes like this, where there's a ton of fixes, the roof is caving in etc , should you even make a crazy low ball offer? Like 1k 2k? And put in as much personal work as well as money into it? Even to just come out with a rental? To me that's what these are. Mobile homes just aren't desirable from what I've gathered other than by price point. But condition tends to suck. But flipping them doesn't even seem worth the effort.
Thanks for commenting. The answer to most real estate questions is, it depends. All of these homes are definitely valuable and can be resold for a profit. In the specific location that they are in, you may not be able to sell them for a high cash price, but selling them via payments would definitely get you a lot of interest on all three of these properties. It is definitely my opinion that in situations like this, assuming that we can actually help them, we should make offers on these properties. We should make offers whether they are being sold by mobile home parks or directly by the owner occupants. The sellers may not love our offers however this is the amount we are able to pay to help them. It would be good to make them a cash offer and a payment offer as well to give them more options. There other ways to help them sell and create value with most properties. Keep in mind that as newer investors we always try to figure out how to create value with each mobile home. Perhaps there is a way that we can create a $500 profit, however is that really even worth your time and effort. Try to only work on deals where you know the profit will be substantial. I hope this helps and makes some sense. Feel free to keep in touch. Any follow-up mobile home related questions please never hesitate to reach out anytime.
Assuming you bought the mobile home you liked, payed lot rent etc could you have tenants live in the mobile homes? What are some tips for someone who’s looking to buy a mobile home for rent (I don’t own land)
Curious. You're not looking under the mobil home at all the plumbing and insulation? This is the part that concerns me if I buy, because I don't prefer to work under them, except for blocking it. I've been working for my brother in law who just bought his father's mobil home park. There are about a dozen rentals that need lots of work, some worse than others. I've done about 5 mobil homes so far on laminate flooring/trim throughout, and quite steady at painting, but that's about all I can do except for other little odds and ends that require creativity, which I'm also pretty decent at. My wife and I may buy our first mobil home and put it on my brother in law's property., or may even buy one that he has already there, save on moving one!.... My wife has about 1/4 ownership of the park. And I would want to fix it myself and sell it. Rather not rent due to dealing with maintenance . What do you think, Do you feel that there are many middle class American's who are down sizing to mobils? I wonder how easy it would be to sell it, and don't want to forced to rent.
Thanks for watching and the detailed comment. First things first, congratulations with regards to having a quarter ownership in that park. If you are experience dealing with mobile homes, then perhaps preparing them yourself does make the most sense. You are definitely correct with regards to the demand typically being high, and the supply being low. If these mobile homes are somewhat attractive and priced well, and they should sell very quickly. Keep in mind that in some areas you will be able to find a cash buyer very quickly, and in other areas people will have very little cash. This means that you may have to sell them on payments. However the value should still be there and you should be transparent with regards to what you are selling. This obviously is a very quick answer however I hope it does help some and point you in the right direction. You are right that in the videos we did not look much underneath the mobile home. There are a couple other videos where we walk your mobile homes and you'll find that there is more attention to the underside of the mobile home. This is obviously very important for a number of reasons including weatherization, leaks, integrity of the home, sinking problems, etc. Moving forward if you have any follow-up questions big or small please never hesitate to reach out anytime.
@@MobileHomeFormula So the mobil home park is pretty old (1970s) and in the south part of town. We have already renovated and rented 4 of them this year and plan on doing several more over the next couple years. Its located in the south part of town and is in a decent area next to a nice nursing home and the income support division, although across the street about a football field away are some people who do drugs and we have had some vandalism recently. So I'm not so sure I would be able to sell although most of the 45 mobil homes are in decent livable shape. My brother in law wants to eventually make it a senior park but I'm not so shure as the park roads need to be all redone.
Hi Angela. Thank you for commenting. Very glad that this was a bit helpful. Moving forward if you have any follow-up mobile home related questions never hesitate to reach out anytime.
I got major electrical issues and no electrician trustworthy im stuck ina bad spot right now i spent every dime i had to have my own home an have literally had to redo everything im stuck in the electric it sat for 2 years
Hi Taylor. Thank you so much for reaching out and connecting. I very much regret to hear about the situation that you are in. If possible, call your states manufacture home titling department to see if they have any type of programs for folks with low incomes. Many states provide grants programs to have mobile homes made safe and insulated if you are unable to pay for this yourself. I'm not sure if this answer helps however I do hope that it points you in the right direction. Moving forward if you have any mobile home related questions never hesitate to reach out any time. All the best.
The ceiling panels at the 0:08 mark shows these flowered buttons. Are these fasteners to hold the panels up? I am not familiar with these and where does one purchase these at? Thanks.
Thanks for your very helpful, informative video! I was wondering what motivates a park owner/manager to give free lot rental? Just wondering why they would do that. Good job, by the way!
Thank you for reaching out and connecting. Very good question. The free lot rent or discounted lot rent is a part of the negotiation and sales price for the home. If the home is ready to be moved into then this lot rent concession may not be realistic. However if the home needs some work is fairly common for parks to offer a little bit of free lot rent. However keep in mind the park will not offer that much. As the investor we want to overshoot and what we ask for and let the park tell us what is more realistic. Thanks for watching. Keep in touch.
Where are these homes I am looking around Georgia Chatham /Effingham area. The land we have lived on and managed for 27yrs has been sold and everyone out here has to go. My husband and I are Senior and we only live on retirement . So please let me know if you have a good home but not up there in price we would appreciate any help. We can't at our age afford anything really elegant in decor and price because we are not eligible at our age to get a loan. I hope you can help.
Hi Mrs. Stanhope. Very good to hear from you. Thank you for reaching out and connecting. My sincere apologies to hear that you and everyone in the community is being ripped from your home and having to relocate somewhere else. Sadly this is happening at multiple other parks around the country as well. As you have most likely seen rental prices are going up across the country and at many mobile home communities. I would encourage you to reach out to as many park managers locally, and not so locally, as you can. You are looking for a park owned mobile home that may or may not need repairs. Some parks may be willing to sell via payments as well. However always make sure the mobile home park has the title and can show you this with their name on it as owners. I hope this helps and point you in the right direction. Any follow-up questions never hesitate to reach out any time.
Hello! Prospective investor here! How would you swing free lot rent? Would lot rent go back to normal once you sell it? I’ve been thinking about purchasing a mobile home to live in for college years and eventually sell/rent. Is renting out a trailer possible?
Hey Bruuuuhhhhhhhh. Thanks for reaching out and connecting. If the mobile home is park owned and for sale, then free lot rent is simply part of the negotiation. Some parks are much more flexible on this than others. However one way or another this holding cost definitely needs to be taken into account regardless of the level of repairs. I aim to ask for many months of free or waived lot rent when trying to purchase a mobile home directly from a park. If you are purchasing directly from a homeowner the park will rarely make any lot rent discounts to you in my experience. Secondly, I like your idea about purchasing a mobile home to live in through the college years and then rent or resell afterwards. Some parks will allow renting and some parks will not. Keep in mind any roommates you have likely have to get approved with the park as well. I hope that this helps at all make sense. Moving forward if you have any follow-up questions never hesitate to reach out any time.
Why does anyone think that renovating a mobile home is anything different than renovating a regular home?? Just pull a wall panel off here and a ceiling section off there to know what's going on behind the scene's and you'll know what you're getting yourself into! The materials are less because the wall studs most likely are only 2 x 3 and insulation minimal.
Thanks for commenting Scott. You bring up a really good point. For certain repairs mobile homes and single-family homes are practically identical. However depending on the manufactured homes year it may be easier or more difficult to remove and replace wall and ceiling panels while inspecting and rehabbing. However in a single-family homes you may be dealing with different building codes and finishing work. You are certainly right about the materials being of less quality and mobile homes compared to single-family homes much of the time. Thanks again for commenting. Feel free to keep in touch. All the best.
I dont understand the benefit when you say "you get the trailer for free and no lot rent." Does this mean you fix the trailer up in place then someone buys the trailer from you and they pay lot rent to the lot owner?
Hi TheReal OG. Thanks for reaching out and connecting. My apologies about the delay in this common reply. Great screen name as well. I suppose with any of these homes, technically they are not free… You will be improving them to some degree before reselling them. However you're definitely correct about not paying any money to purchase the mobile home itself and not paying lot rent for a few months to the lot. Once the home is fixed up can then be quickly marketed and sold to a cash buyer or payment buyer. The goal is normally to get the home sold before having to make many lot rent payments, however I would rather the home be empty rather than a risky tenant-buyer in the property. However this is only when you are selling for payments. If selling for cash than it is important to advertise like crazy and be semi-flexible in price to sell the home to a qualified buyer sooner rather than later. I hope this helps and makes sense. Moving forward if you have any follow-up questions please never hesitate to reach out anytime. All the best. Talk soon, John
When you say that you would want the home for free plus free lot rent... Typically, how many months of free lot rent are you aiming for, and why is it advantageous for the manager to do so?
Thank you for reaching out and connecting. It certainly depends on the home and the park and the area and demand. However I ideally want to shoot for free lot rent until the mobile home is sold. However this is not likely to happen in most parks. However if you are purchasing directly from a mobile home park than most parks will provide at least one month of free lot rent. However one month is not that exciting for me. To answer your question I want to realistically shoot for three months of free lot rent. However I will start with free lot rent until I get it sold, or if they don't accept that that I will aim for six months free lot rent. The free lot rent ends as soon as I get a tenant buyer or cash buyer into the mobile home. If it sells in two weeks then lot rent starts in two weeks. Hope this helps some. All the best. Talk soon, John
can a 1996 double wide sitting on blocks on its own land be finance through a bank? i bought a land with a mobile on it, but not sure if i should fix it and flip it or just resell it with a seller finance, it does need alot, new roof, furnace, wh, flooring, drywall repair etc.
Hi Dennis Noone, Thanks for reaching out and commenting. Like most answers in real estate, the answer to your question is definitely "it depends". Normally if you own the land most mobile homes are bank finance-able. However some banks are absolutely not. This could be due to the condition of the home, the foundation, how many times it has been moved since the original construction, etc. You will definitely want to reach out to some local banks, credit unions, and even nationwide lenders like Triad financial services and 21st mortgage. Each mobile home is different so I would rather you hear it directly from the horses mouth if you are able to get a loan for your mobile home. I know that this is not a definitive answer however I hope that it does help point you in the right direction. Free to keep in touch. All the best. Talk soon, John
I wouldn't be able to sleep at night if I tried to sell that pile of diseased firewood for a family to live in...and that's coming from someone who used to live in a 2003 doublewide.
Hi Sharon. Very good question. There is so much that goes into evaluating what is a "good deal" or not. I would say the condition of the home and the repairs needed are only 30% of the equation. It is also so important to know the location the home is located in, if the mobile home is located inside of a park there will be many questions associated with this type of situation, obviously what repairs are needed, what repairs you will perform and how much these will cost, your exit strategies, the buying market and demand and what you can resell the home for, how much you are into the property and the needed capital you have moving forward to invest in other properties. I have made another video that talks directly about the "deal breakers" when investing in mobile homes, however you will come to find that it is important to look at the full picture before deciding to pull the trigger or not. That was a bit of a vague answer however I do hope that it helps and makes sense. Whenever I work with folks we speak at length about each property, looking over pictures, and asking at least two dozen questions. For this reason there is no RUclips comment that I could write that would cover every situation. However I will say that when you sell for cash you should aim to double your invested capital, and when you sell on payments you should receive all of your money back within a year and sell for at least five years worth of incoming payments. When you wholesale you should make a few thousand dollars or more. Keep in touch moving forward.
Lol. I like your style. In the beginning of my career I remember being very timid about smelling, seeing, and touching nasty stuff. These days, sadly, my nose is very familiar with the smell of rotting food and other nastiness. That's probably things that they don't tell you about being an investor that just comes with experience. Feel free to keep in touch. All the best. Talk soon, John
Hi Richard. Thank you for reaching out and connecting. This will definitely depend on the area that the mobile home is in around the country. In some areas/parks it would be smart to not pay over a few hundred dollars for this home, however in most areas a few a few thousand dollars or less is where you would want to be for this type of home. Aim to resell for cash and at least double the invested capital. If you're looking to sell on payments or rent then you can pay a bit more for the property if you really wanted it. However in some markets this home would be worth 20k or more in even worse shape, if you were able to repair and resell for an all cash price to double your capital. As you can see, your purchase price definitely depends on the repairs and realistic exit price/strategy. I hope this helps some and makes sense. Any follow-up questions or comments never hesitate to reach back out anytime.
Hi my name is Dalena I'm looking to move to Las Vegas I'm looking to rent or buy a mobile home in a 55 in plus communities mobile home parts I'm a first-time homebuyer I should qualify for a grant and I'm on disability and I work part-time
Hi Darian, Thank you for reaching out and connecting. Glad to hear you are interested in buying several mobile homes. I'm unsure if these are for you and your family to live in, or for investment purposes. Either way you are definitely looking for a good deal that is underpriced. There is not just one source or method I would encourage you to use to find and attract mobile home sellers. Instead I would encourage you to begin looking online and in the real world with regards to what is for sale. However if you are looking to live in these homes yourself then by all means checking out a few local dealerships may be a wise idea. If you have land you are looking to move these on then searching within 200 miles is not out of the question is you will be moving the homes into your area from within the state or nearby. Hope that this helps some and points you in the right direction. This is obviously a very vague answer however depending on your situation, time, goals, needs, etc. my answers will absolutely change. Keep in touch moving forward. All the best. Talk soon, John
Hi True Love. Good screen name. When it comes to finding used mobile homes we want to look everywhere we can online and off-line. However it is also important to build a reputation locally with people that are in the mobile home investing business and come across mobile homes daily. As well as build relationships with single-family house investors that find mobile homes and are not interested in them. We should also be advertising online and off-line consistently to put ourselves in the pathway for people to find us when they need to sell. It is not a question of if there is going to be people that need help and need to sell quickly, the question is whether they are going to know that you exist and can help them. This does not come by accident. Building up a reputation like this definitely takes hard work and daily effort. While he did not answer this question specifically I hope that this does help and point you in the right direction moving forward. If you have any follow-up questions never hesitate to reach out to me directly or comment back anytime. All the best.
Thanks for reaching out and commenting. Depending on where you are in Louisiana there are likely hundreds of mobile home parks within a 50 mile radius of you. You will definitely be driving through these parks and doing a number of things while you are there and in the area to understand who was selling what and why they are selling. You will find mobile homes for sale for over $100,000 for sure, you will also find them for under $10,000 as well. I hope that this helps some. It really is just the tip of the iceberg though. Keep in touch moving forward. All the best. Talk soon, John
Thanks for commenting and reaching out. Email me directly at support@mobilehomeinvesting.net and I'll be happy to point you in the right direction and answer more of your questions. Stay safe and look forward to talking with you soon. Talk soon, John
Hello Pedro, I am into real estate here in Nigeria and I have interest in mobile homes investment in the US so can you couch me and give me guidelines on how to start? Cheers
Hi BellucciTV. Thanks for reaching out and connecting. That is great about you being involved in real estate in the country of Nigeria. I have no idea what this would even look like or be like. Perhaps it is very similar to purchasing, fixing, and reselling homes here in the states. I do work with a few folks that invest remotely from overseas, however it is definitely not the path of least resistance. With that said if you have any specific mobile home related questions never hesitate to reach out any time. Check out more of the videos on this page for more mobile home investing education. To find out more about coaching or potentially working together feel free to check out my free website www.mobilehomeinvesting.net. However please know that if you have any mobile home related questions I'm happy to help whether you are a member of this mentoring/training or not. Feel free to keep in touch. All the best. Talk soon, John
Thanks for watching and commenting. That is fantastic that you would be allowed to have a mobile home in your backyard in the Los Angeles area. I would think that an RV may be allowed, however I am surprised that a mobile home is. However with regards to your statement about finding an inexpensive mobile home for sale, you are absolutely going to have to go inland for sure. Mobile homes on the coast are mostly quite expensive. That is because when there is a mobile home seller there is a buyer to scoop up the property. However there are mobile homes with title problems, at certain auctions, in need of vast repairs, and/or with sellers that need to sell very quickly. We also choose to have sellers find us before the home is on the market. With all of these methods you will still be going inland to find many more inexpensive properties. I hope that this helps and starts to point you in the right direction. Talk soon, John
@@MobileHomeFormula inland auctions, I’d love to know more about that and and am open for an RV for a good price aswell, looking for a cosmetic repair on them so I can get it going and rent it out, what do you think about going inland for that
Thank you for reaching out and connecting. I would not just recommend one website, but rather every website you can find online. I would also encourage you to speak with park managers and many sellers that you can find off-line as well. When I work with folks to invest in mobile homes we are finding many of our deals off-line, and that are not currently being advertised yet. Make sure to really know who was selling what in your area so that you know all of your options. I hope this helps and make sense. Moving forward if you have any follow-up questions never hesitate to reach out any time. All the best.
You are in a great state for this type of investing. Moving forward when you have a follow-up mobile home related questions never hesitate to reach out any time. Talk soon, John
Thanks for commenting and reaching out. I regret to hear about you losing your mobile home. Moving forward never hesitate to email me or comment back with any specific questions. I do not know why you lost this mobile home however it is important to not lose any more moving forward. Keep in touch please. All the best.
Hi Even. Very good to hear from you. Thanks for watching this video and commenting. Last week I personally received your application and email. I responded to this application to an email with a time for us to speak together. However when I did not hear back from you I sent over a second email as well. My apologies for this technical difficulty. Somewhere in the sending or receiving there is definitely a technical problem. Perhaps my emails have been going to your spam folder. Please check there and if not feel free to email me directly always at support@mobilehomeinvesting.net. If you do not hear for me in 48 hours that means that the email likely was not received. Keep in touch moving forward. Hope everything is well. Talk soon, John
Thanks for reaching out and commenting! Thanks for following up as well. In reality, all of these homes would be profitable when sold via monthly payments. However it is my goal to recoup all my invested capital sooner rather than later. For this reason I passed on the first home, made an offer of zero dollars for the second home, and $2600 for the third. The park countered at $3500 for the third. Hope that this helps him. Keep in touch moving forward. If you have any follow-up questions never hesitate to reach out any time. Talk soon, John
Hi Michael. Thanks for watching and commenting. What was the mistake? Definitely comment back if possible so we can all learn more about what you did and to avoid that mistake in the future.
Thanks for reaching out and connecting. You bring up a great point! Some builders were very ethical and used top-quality products for the time. Other builders chose to cheap out and use very inexpensive products, even for the time, to create more profit for themselves or other reasons. After 1976 things became a bit more regulated when HUD stepped in and a lot of these builders went out of business; one reason being because some builders could not do things as ethically or with as higher-quality as they should have been doing all along. Then again, this is only from different things I have read and people I've talked to her been in the business over 50 years. I hope that this helps and makes sense. Moving forward if you have any follow-up questions never hesitate to reach out anytime. All the best. Talk soon, John
Hi Donald. Thanks for watching and connecting. I'm not sure why everyone thinks these homes are for donation. I absolutely want to give people great values for their money, however all of the mobile homes on this RUclips channel are definitely sold with the intent to make a profit. The profit can then be used to help two or three other mobile home sellers that are in bad situations and potentially losing their homes, ruining their credits, title problems, or being taken advantage of by the community or banks. However if you are looking for an inexpensive mobile home then perhaps reach out to local park managers to see if they have any opportunities available. Perhaps a home may be sold to you for a cheaper price if you are able to put in the repairs. Hope this helps and points you in the right direction. Any follow-up mobile home related questions please never hesitate to reach out anytime.
Hola López. Gracias por contactarnos y conectarnos. Asegúrese de revisar todos los parques de casas móviles locales y de hablar con todos los administradores de parques. Espero que esto ayude. Buena suerte.
Great question! Like most dancers in real estate the answer to this question is definitely, it depends. In my opinion wholesaling mobile homes is one bullet in your belt. I know that this is a pretty vague answer however I do hope that it helps some. I would encourage you to be open-minded to homes that you are purchasing and reselling if possible. Keep in touch moving forward. All the best.
John Fedro so what you’re doing is seller refinancing for all your mobile home purchases ? Would you recommend this approach to mobile homes over others ?
Hi Sherry. Thanks for watching and commenting. Agreed with your comment about replacing the stove. Moving forward if you have any mobile home specific questions never hesitate to reach out any time. All the best.
I'm looking to sell my mobile home that has partly already been renavated and I own the land it's on. I want to move closer to the grandkids that are in plm beach, Florida but can't seem to find anything as of yet.id love to have a tiny home but don't see to many around the area
Thanks for reaching out and connecting. When you have any mobile home related questions about any homes you see never hesitate to reach out any time. Keep in touch. All the best.
when people let these go this bad, its just cheaper to tear the thing down.... sad, it wasn';t even setup right.... probibly sitting on its axels..... looks like its a 1980's model.... just sad to see homes in this condition....
Hi John. Thank you for reaching out and connecting. It definitely is sad to see homes in this condition. Especially when a little bit of thoughtfulness and caring for them would have prevented a lot of these issues. In many areas of the country may be cheaper just to tear the mobile home down like you mentioned. However, in some areas of the country keeping an older or run down mobile home may be the cheaper way to go due to prices or specific grandfathering laws governing the area. In short, the answer is definitely it depends. Thanks again for commenting and reaching out. If you have any mobile home related questions never hesitate to reach out anytime. All the best.
@@MobileHomeFormula Thanks John. I own my own manufactured home and have done extensive repairs and improvements to it. I was lucky enough to be able to buy a 2 bed 2 bath home in 2012 for 10,200.00 cash and its now worth $25,000.00.... I just wish people would learn to take care of their homes better... with the housing crisis here in the Boise area, I'm surprised these home stay as vacant as they do....
Hi Saheer, Thanks for reaching out and connecting. Mobile homes can be purchased directly from owner occupants, mobile home parks, dealerships, sometimes movers, and more. You can find these for sale both online and off-line and by knowing the right people. Also having a reputation in the area of course helps. Not sure if this is exactly what your question was referring to however I hope this does help. Keep in touch moving forward. All the best.
Thanks for reaching out and connecting. The answer is definitely, it depends. In some areas of the country this home may not be worth much at all, and in other areas of the country this home would absolutely be worth $5000 or more. This really depends on the specific repairs of the home and of course the location and demand in the area. Also depending if you are going to be renting, selling on payments, or selling for cash to an end buyer as your exit strategy. Hope this makes a bit of sense. Moving forward never hesitate to reach out anytime. All the best.
Hi Johnathan. Thanks for watching and commenting. Moving forward if you have any mobile home related questions please never hesitate to reach out anytime.
Hi Paula. Thank you for reaching out and connecting. I invest around the country however am located in Texas. Hope that this helps and answers your question. Feel free to keep in touch. Talk soon, John
Hi Donald. Thanks for reaching out and connecting. You certainly have a colorful and very vocal personality with your commenting style. We could certainly give the home to you, or someone else could give it to you as well. However commenting on RUclips for us to donate you a mobile home is definitely not the right way to go about things. We are very happy to help and donate immensely to charities we believe in. The mobile home investors on this channel also work very hard to provide a good life for themselves as well as genuinely help others while building a business of their own. This is a very hard thing to juggle. Moving forward if you would genuinely like some help feel free to email me directly with more specifics about your situation and location. If I'm able to help more than I will try to do so. However it is important to do for ourselves as well. I encourage you to not just search with me but also by contacting every single local community Park manager around you. Find out from them what they have available and you may be very surprised to find something within your price range or that you are able to fix up. I sincerely hope that this helps and points you in the right direction moving forward.
Hi Noevella Mayorquin. Thank you so much for reaching out and connecting. This particular video is a bit older and the mobile homes have been spoken for and resold. Which area of the country are you located? In your area I would encourage you to speak with most of the local park managers around your area as well as keep looking online as many places as possible. Moving forward if you have any follow-up mobile home related questions or concerns never hesitate to reach out any time. All the best. Talk soon, John
Absolutely not on the first one. Take it to the dump. Last on asking 8000. I’d offer 6000. Fix it up and ask 10,000 If you want quiet you need a 55 plus
Thanks for commenting and reaching out. These seem like well thought out answers. You're definitely correct that more 55+ communities are a bit quieter than those family parks. Keep in touch moving forward. If you have any follow-up mobile home related questions never hesitate to reach out anytime. All the best.
Hello Isis. Thank you so much for reaching out and connecting. It took me a few years of investing to learn that things are "worth" what somebody will pay for them. Additionally, if you are able to sell things on monthly payments you can typically sell for a much higher price overall. However there are a lot of pieces in these deals so asking questions and understanding things is very important. Moving forward any follow-up questions please never hesitate to reach out anytime. Always happy to help if possible. Keep in touch.
Thanks for commenting Kenyon and DieselTrucker. There are definitely opportunities around and it is important to be selective. Just because someone has money, definitely does not mean that they should go out and quickly spend it. Some investors burn these homes down rather than make the repairs. And others are able to create value with the home legally one way or another. If the opportunities are skinny I am certainly not a fan. However this is definitely a good example that certain opportunities can be around from time to time. Certain investors will absolutely pass on some deals and another investor will be able to capitalize. Or perhaps make mistakes and learn some lessons. Thanks again for commenting. Moving forward if you have any follow-up questions or concerns never hesitate to reach out anytime. All the best.
Yikes is right! Repairs typically take more money than we expect, and more time than we expect as well. Moving forward if you have any mobile home related questions never hesitate to reach out anytime.
Thanks for watching and commenting. When you asked about who would even pay a penny for those, I would. I definitely would. Since filming this video originally the market has certainly changed and these homes are all in a very good area. Cleaned up and fixed up something worth value for sure. They could be sold for cash or via payments in this area. With that said they are definitely not move-in ready for the most part. However it's important to look past the repairs needed. Those all can be fixed in these homes can have many more years left of life left to them. However thanks again for watching in any follow-up mobile home related questions never hesitate to reach out anytime.
Thanks for watching! Hope this quick walk through was a bit helpful. Remember to check each mobile home for the BIG 10 Repair Spots: Floors, Walls, Ceiling, Electric, Plumbing/Hot-water , Roof, Siding, Appliances, Windows & Underneath/Foundation.
John I have a what may be a silly question. If you're planning to wholesale a mobile home then you obviously don't even need to check the home or anything or worry about having to repair at all right? Because you acquire the contract from the seller that really just wants someone else to deal with selling it quickly. Then once you find a motivated buyer and you show them the home and they decide whether it's worth the investment. So basically do you need to wholesale mobile homes that are in good and move in condition or are there buyers motivated to pay more than the contract price for a mobile home that needs repair? I hope that long run on question made sense and thank you for the amazing content. Keep grinding 👌🏽
John thanks for the video any chance you could do a breakdown of the offer and repair costs you made on the last one? You said they were asking 8k but wondering what you offered etc
@@carsnob thanks for reaching out and connecting. The answer to that question is, it depends. You are definitely right that the minimum function of a wholesaler/bird-dog either get the home under contract or point the investor to a mobile home opportunity. It is not necessarily the wholesaler/bird dogs job to make sure the mobile home is in any particular shape one way or the other. You are correct that there are many wholesalers that may never even see a mobile home or single-family house before wholesaling it. Also, there are wholesalers that will have a handyman go through the mobile home to give a bid in writing. This bid can be provided to an investor/buyer you are planning to sell the mobile home too. This is important because some wholesalers seem to pull repair prices out of their butts. They may estimate a mobile home takes $5000 in repairs, where another investor or handyman really sees it as $10,000, or $15,000. As a wholesaler/bird-dog you do not need to know exact repairs however it is important to know the repair costs and how much your end-buyer will be into these repairs forcefully can still make a decent profit. Unless of course a local mobile home investor simply tells you they will pay you $10,000 for any 1990s double wide that you can find, and they were to actually mean it. But besides this the more information that you know the better. I hope that this helps some and make sense. Keep in touch. If you have any follow-up questions never hesitate to reply. All the best. Talk soon, John
@@brandondrzewicki5735 thanks for reaching out and connecting. I will absolutely be doing something a lot like this on a future video. Thank you for suggesting it. Moving forward any future suggestions, questions, or concerns you have never hesitate to reach out anytime. All the best. Keep in touch. Talk soon, John
@@MobileHomeFormula Learning alot from your videos John! 🔑
Very helpful thanks. My wife and I are simply looking for a mobile home we can renovate. She had a bad stroke so we are doing this on just social security.
I was surprised you didn't look under the homes. If the plastic and insulation underneath is butchered up,if the wheels and axels are gone especially the first 2 mobile homes,someone is paying me to take them. Here if the house can't be fixed cost effective,it'll cost $300 to haul it to the landfill and the landfill will charge about $700- $800 to tear it apart and bury it. So if you're unable to take an $1100 or more hit,there can't be any big surprises. If you buy a mobile home where the structure is so bad to truck driver won't take a chance to haul it off,it can cost up to $2500 to have a licenced and insured crew dismantle it and haul it off. You touched on many good points,but for the first time person who misses even one or two big problems,the whole thing could be a disaster. Great video
Hi Bill. Thanks for watching and commenting. You are absolutely correct about looking underneath the home in detail to spot the wheels, axles, any leaks, stagnant water, animals, junk, building supplies, mold, the foundation settling, and more. Absolutely before somebody purchases a mobile home should they look underneath the home. If the home does have to be moved then taking into account renting axles and wheels and/or welding on a tongue should be taken into account as this will have to be paid for by somebody. In my experience hauling off a mobile home and having it removed will run around $3000 one way or another, just like you mentioned. Lastly, if the home does have to be moved in the frame is damaged or welded this might be a dealbreaker for the mover who will not move the home. You bring up a lot of good points that this video did not tackle. Luckily there will be another inspection video coming out in the next few weeks with a few surprises. Thanks again for commenting. Keep in touch moving forward.
Thank you for the advice. I would say you have the best channel for this niche.
I appreciate that! Thanks for watching Caleb. 💪
Again, Congrats on your videos! They are professionally done, easy to understand and resourceful. Thanks again.
Thanks for commenting and reaching out. I think you're the first person to say they look professionally done. Our editing overhears getting a bit better. Thanks for the kind words. Hope that these videos are helpful. Keep in touch moving forward. All the best. Talk soon, John
Thanks for this video. Wished I would have seen this video, before I moved into the mobile home I'm in now. 😢
We just took on a hope that was t horrible horrible but hadnt hadnt had one thing fone in 25 years resupped everything new plumbing hot water tank ac ect buts on our own land with super low taxes thinking of flipping them as you do i fo all the work my self as well ad my wife glad to have found your channel thank you
Thanks for commenting Timothy! Very glad to hear about the mobile home and the idea of flipping. Glad to hear you will be doing this with your wife as well. Moving forward when you either have mobile home related questions never hesitate to reach out any time. All the best.
Thank you sooo much for educating us on so many much needed topics you answered so many questions ! I’m subscribing and looking forward to more videos!! Stay safe🦋🦋🦋
Thank you so much for reaching out and connecting! Happy to help when possible. Stay safe as well. Any mobile home related questions or concerns never hesitate to reach out any time. Happy to help if possible.
Great video. I recently sold one very similar to the last home. 1998 3 bed 2 bath. Sold on payments for 6 yrs :))))
Nice body man
Hey Paul! Yeeeaaah!! Right on! Congratulations on selling that one on payments for 72 months. Obviously a win-win for all parties. Keep up the great work. As always, any follow-up questions that you ever have never hesitate to reach out any time.
Lol. True that!
@@MobileHomeFormula 😘
Interesting to see some lots cleared and prepared for replacement. Have you talked to the park owner about a deal where you dispose of the two older homes and bring in nearly new homes? It seems like the park owners tend to do that type of redevelopment themselves. 🤔
Hi BackwoodsBungslow, Thanks for reaching out and connecting. You are absolutely correct that many mobile home parks around the country are proactively removing older homes and spending money to upgrade their parks and some of their older and perhaps vacant mobile homes. However I would say that there are many times more mobile home parks that have older and junkie vacant mobile homes that would absolutely love to remove some of their older homes and replace them with newer ones. The problem is we probably do not want to do this in these areas as individual mobile home investors. As individual mobile home investors we would like to move a used mobile home onto a lot and sell it for cash or payments. If you will be investing money into the home, move, connections, repairs, etc. that you will most likely want to sell for cash. This is most easily be done in a high demand area. In these high demand areas a number of parks are being bought and sold and have mobile home park owners that are willing to do what we described above… Remove and replace older homes in their communities. With that said they may have a lot of empty spaces and they may welcome you, or few may look at you as competition and not want you there. With that said there are likely hundreds of mobile home parks and on private land around you if you are willing to drive. I hope that this helps some and make sense. Feel free to keep in touch. All the best. Talk soon, John
What is your goal with mobile homes? Flipping? The park owns them? I’m a little confused exp when you were talking free lot rent. Are the homes worth renting or more so if you put them on your own land?
Thanks for commenting and reaching out. If you are asking these questions then I certainly apologize I was not clear in the video. The free lot rent will be negotiated because the park owns some of these homes, and that is simply part of the negotiation and the price. Flipping them to another buyer is a strategy for sure. Cleaning them up perhaps. Selling on payments may be. The answer to most of these questions are, it depends. If you are able to move the home onto your own private land that certainly may make sense. However if you are able to create value without moving it that may make sense as well. There are definitely other mobile homes that must-be-moved that you could take potentially move on to your private land as well. I hope that this helps some and starts to point you in the right direction. Moving forward if you have any follow-up questions never hesitate to reach out anytime. Talk soon, John
Yep actually you are building from structural and up, down to the piping ect. if structural is sound and sturdy?. yes , let's look at another!!!
Depending on the $ u would have in buying it, renovating it., & Finding a potential buyer... If u could get a deal that u take all 3 in a package deal. That's probably the best route
I like your attitude!
well in 2013 I bought a 14 by 66 1991 on a 2 acre lot for 23500. it needed considerable work. Which we did. Its been rented for 8 years and needs painting etc again. Its now worth 80-100k. The rent paid for it twice plus the improvements. I would never buy homes pre 1987 as the old ones were trash. In 1987 the specs for Mhs were upgrade by law..#1 no. #2 no.#3 no. Submarine roof way too old.
Hi Kenn. Thanks for commenting and reaching out. You absolutely sound like you have a good deal of experience in this field. Great job with your rental and long-term hold. I like your submarine roof comment. Moving forward any follow-up questions never hesitate to reach out anytime.
This is one of the best and most educational videos I’ve seen on RUclips.. thank you 🔥🔥
Wow, thanks! Very glad it was helpful. Moving forward any follow-up questions never hesitate to reach out anytime.
I heard to stay away from pre 1976 MHs because they are not assured to meet HUD standards and often cannot be relocated to new locations.
I like when people give that advice. It means more mobile homes for me and the folks in our group. :)
I love gas stoves and dryers, paid 9 K for mine, it’s really nice, but I hate the paneling.
Thank you for reaching out and commenting! Hope you are well. There definitely are a lot of pros and cons to gas appliances. However overall, I am a fan of them personally as well. There are many folks that would agree with you as well with regards to the paneling. Thanks again for commenting. Any follow-up questions please never hesitate to reach out anytime.
Can you help me to buy a mobile home I would like to buy a house like the one you are in, showing thanks. For the video.
Hi Luis. Thank you for reaching out and connecting. The answer to your question is, it depends. If you're ready to purchase a mobile home that I would be happy to answer any questions that you may have. Feel free to keep in touch here or by emailing me directly at support@mobilehomeinvesting.net. All the best. Talk soon, John
I appreciated this so much. will def check out your course!
Thanks for reaching out and connecting. Feel free to keep in touch with any questions or concerns that you have. Happy to help whether you are a member of my mentoring/training or not. All the best.
The last home looked like you could do that one pretty easy and fast. A good candidate. Business case wise. The second red 50x12 you did not have the key for I liked. Not for business case, because it’s probably a marginal home at best. But I like it for its style and it has what appears to be a good set of aluminum siding. But probably needs a new roof, rafters and all. I would go for the period style and look. Keep aluminum siding, paint it period colors with multiple shades. Restore all the road lights and power them with a switch so you can light them up at night. Maybe do a tin can trailer style motif. The 1st one may be to far gone to be able to bring it back for a reasonable amount of money. But I like the aluminum siding on it.
Where in town New Jersey qqq
have a chance to buy a 1969 mobile on its own land in a mobile home community (Not a Park). zoned Single family as well. The home looks decent, but what worries me is the piping at that age and problems i would have long term. the price is less than 35k which is really good.
Hi Ezra. Thanks so much for reaching out and connecting. Great job with this opportunity. If you have any mobile home related questions or concerns now are moving forward please never hesitate to reach out any time. Happy to help if possible. All the best.
Hey there , I have a 14x60 a 1978 but it’s got new guts new windows new hot water tank new furnace new pitched roof new siding etc inside feature wall new flooring etc needs a relevel and some interior decorating to bring it up to market ,, any advice
Thanks for reaching out and connecting. Great job having this older manufactured home for sale. It definitely sounds like it has a lot of new elements to the home. I'm curious what work is needed to the home at this point. If nothing is needed then I would definitely encourage you to get this home on the market while summer is still here. When school starts the buying market will slow down about 25%. Depending on the price you will be asking for the home you may want to have this one listed online and offline. Even on the local mls whether land is included or not if possible. The mls will typically bring in buyers willing to pay prices over $50,000. However again I am not sure what you will be asking or the condition of the home once it goes on the market. Hope this helps a bit. Moving forward if you have any follow up questions please never hesitate to reach out any time.
So much to know and thanks to you ....l m learning....l dont feel lost anymore....thanks to you....God Bless you!
Hi Maria. Thank you for reaching out and connecting. Additionally, thank you so much for the kind words. I do hope that these videos are informative and helpful to moving forward. Moving forward if you have any mobile home specific questions never hesitate to reach out anytime. All the best.
@@MobileHomeFormula wow .....thank you for the offering ....l have this one question .....who would l hire to set up a mobil home .....when l buy one? I have land in Arizona almost Utha!
So say you find mobile homes like this, where there's a ton of fixes, the roof is caving in etc , should you even make a crazy low ball offer? Like 1k 2k? And put in as much personal work as well as money into it? Even to just come out with a rental? To me that's what these are. Mobile homes just aren't desirable from what I've gathered other than by price point. But condition tends to suck. But flipping them doesn't even seem worth the effort.
Thanks for commenting. The answer to most real estate questions is, it depends. All of these homes are definitely valuable and can be resold for a profit. In the specific location that they are in, you may not be able to sell them for a high cash price, but selling them via payments would definitely get you a lot of interest on all three of these properties. It is definitely my opinion that in situations like this, assuming that we can actually help them, we should make offers on these properties. We should make offers whether they are being sold by mobile home parks or directly by the owner occupants. The sellers may not love our offers however this is the amount we are able to pay to help them. It would be good to make them a cash offer and a payment offer as well to give them more options. There other ways to help them sell and create value with most properties. Keep in mind that as newer investors we always try to figure out how to create value with each mobile home. Perhaps there is a way that we can create a $500 profit, however is that really even worth your time and effort. Try to only work on deals where you know the profit will be substantial. I hope this helps and makes some sense. Feel free to keep in touch. Any follow-up mobile home related questions please never hesitate to reach out anytime.
That red one was easy money
I do love learning though and this has taught me a lot thank you very much
Happy to hear that! You're so welcome.
Assuming you bought the mobile home you liked, payed lot rent etc could you have tenants live in the mobile homes? What are some tips for someone who’s looking to buy a mobile home for rent (I don’t own land)
Hey, did you find any tips on this? I want to know as well
@@kingdoge69 Me too
Ya had me going with that “oh my goodness” count. ; ) - I think I watched minute marker 8:58 ab 4 times.
Thanks for watching! Yeah, I need to get a new catchphrase. Keep in touch. Any mobile home related questions never hesitate to reach out any time.
Curious. You're not looking under the mobil home at all the plumbing and insulation? This is the part that concerns me if I buy, because I don't prefer to work under them, except for blocking it.
I've been working for my brother in law who just bought his father's mobil home park. There are about a dozen rentals that need lots of work, some worse than others. I've done about 5 mobil homes so far on laminate flooring/trim throughout, and quite steady at painting, but that's about all I can do except for other little odds and ends that require creativity, which I'm also pretty decent at.
My wife and I may buy our first mobil home and put it on my brother in law's property., or may even buy one that he has already there, save on moving one!.... My wife has about 1/4 ownership of the park. And I would want to fix it myself and sell it. Rather not rent due to dealing with maintenance . What do you think, Do you feel that there are many middle class American's who are down sizing to mobils? I wonder how easy it would be to sell it, and don't want to forced to rent.
Thanks for watching and the detailed comment. First things first, congratulations with regards to having a quarter ownership in that park. If you are experience dealing with mobile homes, then perhaps preparing them yourself does make the most sense. You are definitely correct with regards to the demand typically being high, and the supply being low. If these mobile homes are somewhat attractive and priced well, and they should sell very quickly. Keep in mind that in some areas you will be able to find a cash buyer very quickly, and in other areas people will have very little cash. This means that you may have to sell them on payments. However the value should still be there and you should be transparent with regards to what you are selling. This obviously is a very quick answer however I hope it does help some and point you in the right direction. You are right that in the videos we did not look much underneath the mobile home. There are a couple other videos where we walk your mobile homes and you'll find that there is more attention to the underside of the mobile home. This is obviously very important for a number of reasons including weatherization, leaks, integrity of the home, sinking problems, etc. Moving forward if you have any follow-up questions big or small please never hesitate to reach out anytime.
@@MobileHomeFormula So the mobil home park is pretty old (1970s) and in the south part of town. We have already renovated and rented 4 of them this year and plan on doing several more over the next couple years.
Its located in the south part of town and is in a decent area next to a nice nursing home and the income support division, although across the street about a football field away are some people who do drugs and we have had some vandalism recently. So I'm not so sure I would be able to sell although most of the 45 mobil homes are in decent livable shape. My brother in law wants to eventually make it a senior park but I'm not so shure as the park roads need to be all redone.
Like your walk through and demonstration. Thanks
Hi Angela. Thank you for commenting. Very glad that this was a bit helpful. Moving forward if you have any follow-up mobile home related questions never hesitate to reach out anytime.
Please answer this question. Why would any park want yo give uou FREE lot rent???
I'm realizing a lot better and it was only 50,000 and it was used
I got major electrical issues and no electrician trustworthy im stuck ina bad spot right now i spent every dime i had to have my own home an have literally had to redo everything im stuck in the electric it sat for 2 years
Hi Taylor. Thank you so much for reaching out and connecting. I very much regret to hear about the situation that you are in. If possible, call your states manufacture home titling department to see if they have any type of programs for folks with low incomes. Many states provide grants programs to have mobile homes made safe and insulated if you are unable to pay for this yourself. I'm not sure if this answer helps however I do hope that it points you in the right direction. Moving forward if you have any mobile home related questions never hesitate to reach out any time. All the best.
Great video! Thank you
Thanks Nicole! Any follow-up questions or concerns you ever have never hesitate to reach out any time.
The ceiling panels at the 0:08 mark shows these flowered buttons. Are these fasteners to hold the panels up? I am not familiar with these and where does one purchase these at? Thanks.
www.amazon.com/Ceiling-Floret-Medallion-Washer-Rosettes/dp/B07BKQRN5N
You can go on line to Mobil home stores and purchase anything you need for Mobil homes. I been flipping Mobil homes for 35 years.
Thanks for your very helpful, informative video! I was wondering what motivates a park owner/manager to give free lot rental? Just wondering why they would do that. Good job, by the way!
Thank you for reaching out and connecting. Very good question. The free lot rent or discounted lot rent is a part of the negotiation and sales price for the home. If the home is ready to be moved into then this lot rent concession may not be realistic. However if the home needs some work is fairly common for parks to offer a little bit of free lot rent. However keep in mind the park will not offer that much. As the investor we want to overshoot and what we ask for and let the park tell us what is more realistic. Thanks for watching. Keep in touch.
@@MobileHomeFormula Thanks for your great, informative response, John. Really enjoyed your video!
Where are these homes I am looking around Georgia Chatham /Effingham area. The land we have lived on and managed for 27yrs has been sold and everyone out here has to go. My husband and I are Senior and we only live on retirement . So please let me know if you have a good home but not up there in price we would appreciate any help. We can't at our age afford anything really elegant in decor and price because we are not eligible at our age to get a loan.
I hope you can help.
Hi Mrs. Stanhope. Very good to hear from you. Thank you for reaching out and connecting. My sincere apologies to hear that you and everyone in the community is being ripped from your home and having to relocate somewhere else. Sadly this is happening at multiple other parks around the country as well. As you have most likely seen rental prices are going up across the country and at many mobile home communities. I would encourage you to reach out to as many park managers locally, and not so locally, as you can. You are looking for a park owned mobile home that may or may not need repairs. Some parks may be willing to sell via payments as well. However always make sure the mobile home park has the title and can show you this with their name on it as owners. I hope this helps and point you in the right direction. Any follow-up questions never hesitate to reach out any time.
Hello! Prospective investor here! How would you swing free lot rent? Would lot rent go back to normal once you sell it? I’ve been thinking about purchasing a mobile home to live in for college years and eventually sell/rent. Is renting out a trailer possible?
Hey Bruuuuhhhhhhhh. Thanks for reaching out and connecting. If the mobile home is park owned and for sale, then free lot rent is simply part of the negotiation. Some parks are much more flexible on this than others. However one way or another this holding cost definitely needs to be taken into account regardless of the level of repairs. I aim to ask for many months of free or waived lot rent when trying to purchase a mobile home directly from a park. If you are purchasing directly from a homeowner the park will rarely make any lot rent discounts to you in my experience. Secondly, I like your idea about purchasing a mobile home to live in through the college years and then rent or resell afterwards. Some parks will allow renting and some parks will not. Keep in mind any roommates you have likely have to get approved with the park as well. I hope that this helps at all make sense. Moving forward if you have any follow-up questions never hesitate to reach out any time.
Why does anyone think that renovating a mobile home is anything different than renovating a regular home?? Just pull a wall panel off here and a ceiling section off there to know what's going on behind the scene's and you'll know what you're getting yourself into! The materials are less because the wall studs most likely are only 2 x 3 and insulation minimal.
Thanks for commenting Scott. You bring up a really good point. For certain repairs mobile homes and single-family homes are practically identical. However depending on the manufactured homes year it may be easier or more difficult to remove and replace wall and ceiling panels while inspecting and rehabbing. However in a single-family homes you may be dealing with different building codes and finishing work. You are certainly right about the materials being of less quality and mobile homes compared to single-family homes much of the time. Thanks again for commenting. Feel free to keep in touch. All the best.
I dont understand the benefit when you say "you get the trailer for free and no lot rent." Does this mean you fix the trailer up in place then someone buys the trailer from you and they pay lot rent to the lot owner?
Hi TheReal OG. Thanks for reaching out and connecting. My apologies about the delay in this common reply. Great screen name as well. I suppose with any of these homes, technically they are not free… You will be improving them to some degree before reselling them. However you're definitely correct about not paying any money to purchase the mobile home itself and not paying lot rent for a few months to the lot. Once the home is fixed up can then be quickly marketed and sold to a cash buyer or payment buyer. The goal is normally to get the home sold before having to make many lot rent payments, however I would rather the home be empty rather than a risky tenant-buyer in the property. However this is only when you are selling for payments. If selling for cash than it is important to advertise like crazy and be semi-flexible in price to sell the home to a qualified buyer sooner rather than later. I hope this helps and makes sense. Moving forward if you have any follow-up questions please never hesitate to reach out anytime. All the best. Talk soon, John
When you say that you would want the home for free plus free lot rent... Typically, how many months of free lot rent are you aiming for, and why is it advantageous for the manager to do so?
Thank you for reaching out and connecting. It certainly depends on the home and the park and the area and demand. However I ideally want to shoot for free lot rent until the mobile home is sold. However this is not likely to happen in most parks. However if you are purchasing directly from a mobile home park than most parks will provide at least one month of free lot rent. However one month is not that exciting for me. To answer your question I want to realistically shoot for three months of free lot rent. However I will start with free lot rent until I get it sold, or if they don't accept that that I will aim for six months free lot rent. The free lot rent ends as soon as I get a tenant buyer or cash buyer into the mobile home. If it sells in two weeks then lot rent starts in two weeks. Hope this helps some. All the best. Talk soon, John
You can get free lot rent? How?
The free rent does not last forever. It is meant to allow time for the repairs and rehabbing needed before it can be resold to a new owner
can a 1996 double wide sitting on blocks on its own land be finance through a bank?
i bought a land with a mobile on it, but not sure if i should fix it and flip it or just resell it with a seller finance, it does need alot, new roof, furnace, wh, flooring, drywall repair etc.
Hi Dennis Noone, Thanks for reaching out and commenting. Like most answers in real estate, the answer to your question is definitely "it depends". Normally if you own the land most mobile homes are bank finance-able. However some banks are absolutely not. This could be due to the condition of the home, the foundation, how many times it has been moved since the original construction, etc. You will definitely want to reach out to some local banks, credit unions, and even nationwide lenders like Triad financial services and 21st mortgage. Each mobile home is different so I would rather you hear it directly from the horses mouth if you are able to get a loan for your mobile home. I know that this is not a definitive answer however I hope that it does help point you in the right direction. Free to keep in touch. All the best. Talk soon, John
I wouldn't be able to sleep at night if I tried to sell that pile of diseased firewood for a family to live in...and that's coming from someone who used to live in a 2003 doublewide.
John, how do you decide when there’s just too much work needed?
Hi Sharon. Very good question. There is so much that goes into evaluating what is a "good deal" or not. I would say the condition of the home and the repairs needed are only 30% of the equation. It is also so important to know the location the home is located in, if the mobile home is located inside of a park there will be many questions associated with this type of situation, obviously what repairs are needed, what repairs you will perform and how much these will cost, your exit strategies, the buying market and demand and what you can resell the home for, how much you are into the property and the needed capital you have moving forward to invest in other properties. I have made another video that talks directly about the "deal breakers" when investing in mobile homes, however you will come to find that it is important to look at the full picture before deciding to pull the trigger or not. That was a bit of a vague answer however I do hope that it helps and makes sense. Whenever I work with folks we speak at length about each property, looking over pictures, and asking at least two dozen questions. For this reason there is no RUclips comment that I could write that would cover every situation. However I will say that when you sell for cash you should aim to double your invested capital, and when you sell on payments you should receive all of your money back within a year and sell for at least five years worth of incoming payments. When you wholesale you should make a few thousand dollars or more. Keep in touch moving forward.
When you cant get it back. its an investment. Most are not worth repairing in a park. that is why they are abandoned.
Exactly! NASTY! I would WEAR a hazmat suit. All day every day!!! LOL!!
Lol. I like your style. In the beginning of my career I remember being very timid about smelling, seeing, and touching nasty stuff. These days, sadly, my nose is very familiar with the smell of rotting food and other nastiness. That's probably things that they don't tell you about being an investor that just comes with experience. Feel free to keep in touch. All the best. Talk soon, John
So, on the last unit, what is a good number to offer price-wise?
Hi Richard. Thank you for reaching out and connecting. This will definitely depend on the area that the mobile home is in around the country. In some areas/parks it would be smart to not pay over a few hundred dollars for this home, however in most areas a few a few thousand dollars or less is where you would want to be for this type of home. Aim to resell for cash and at least double the invested capital. If you're looking to sell on payments or rent then you can pay a bit more for the property if you really wanted it. However in some markets this home would be worth 20k or more in even worse shape, if you were able to repair and resell for an all cash price to double your capital. As you can see, your purchase price definitely depends on the repairs and realistic exit price/strategy. I hope this helps some and makes sense. Any follow-up questions or comments never hesitate to reach back out anytime.
Hi my name is Dalena I'm looking to move to Las Vegas I'm looking to rent or buy a mobile home in a 55 in plus communities mobile home parts I'm a first-time homebuyer I should qualify for a grant and I'm on disability and I work part-time
That first house made me itchy.😳
😂
Fun to watch ☺️
Really glad to hear that. Keep in touch moving forward please.
I'm a cash buyer where go i buy mobile homes?
I would like to start buying several mobile homes, where should I go to buy them?
Hi Darian, Thank you for reaching out and connecting. Glad to hear you are interested in buying several mobile homes. I'm unsure if these are for you and your family to live in, or for investment purposes. Either way you are definitely looking for a good deal that is underpriced. There is not just one source or method I would encourage you to use to find and attract mobile home sellers. Instead I would encourage you to begin looking online and in the real world with regards to what is for sale. However if you are looking to live in these homes yourself then by all means checking out a few local dealerships may be a wise idea. If you have land you are looking to move these on then searching within 200 miles is not out of the question is you will be moving the homes into your area from within the state or nearby. Hope that this helps some and points you in the right direction. This is obviously a very vague answer however depending on your situation, time, goals, needs, etc. my answers will absolutely change. Keep in touch moving forward. All the best. Talk soon, John
How do you find these mobile I m looking for in Texas
Hi True Love. Good screen name. When it comes to finding used mobile homes we want to look everywhere we can online and off-line. However it is also important to build a reputation locally with people that are in the mobile home investing business and come across mobile homes daily. As well as build relationships with single-family house investors that find mobile homes and are not interested in them. We should also be advertising online and off-line consistently to put ourselves in the pathway for people to find us when they need to sell. It is not a question of if there is going to be people that need help and need to sell quickly, the question is whether they are going to know that you exist and can help them. This does not come by accident. Building up a reputation like this definitely takes hard work and daily effort. While he did not answer this question specifically I hope that this does help and point you in the right direction moving forward. If you have any follow-up questions never hesitate to reach out to me directly or comment back anytime. All the best.
Nice
I live in Louisiana where do I look for deals at and are mobile homes expensive to move
Thanks for reaching out and commenting. Depending on where you are in Louisiana there are likely hundreds of mobile home parks within a 50 mile radius of you. You will definitely be driving through these parks and doing a number of things while you are there and in the area to understand who was selling what and why they are selling. You will find mobile homes for sale for over $100,000 for sure, you will also find them for under $10,000 as well. I hope that this helps some. It really is just the tip of the iceberg though. Keep in touch moving forward. All the best. Talk soon, John
I’m 80 years old, I’m looking some thing cheap around L. A.
Thanks for commenting and reaching out. Email me directly at support@mobilehomeinvesting.net and I'll be happy to point you in the right direction and answer more of your questions. Stay safe and look forward to talking with you soon. Talk soon, John
Hello Pedro, I am into real estate here in Nigeria and I have interest in mobile homes investment in the US so can you couch me and give me guidelines on how to start? Cheers
Hi BellucciTV. Thanks for reaching out and connecting. That is great about you being involved in real estate in the country of Nigeria. I have no idea what this would even look like or be like. Perhaps it is very similar to purchasing, fixing, and reselling homes here in the states. I do work with a few folks that invest remotely from overseas, however it is definitely not the path of least resistance. With that said if you have any specific mobile home related questions never hesitate to reach out any time. Check out more of the videos on this page for more mobile home investing education. To find out more about coaching or potentially working together feel free to check out my free website www.mobilehomeinvesting.net. However please know that if you have any mobile home related questions I'm happy to help whether you are a member of this mentoring/training or not. Feel free to keep in touch. All the best. Talk soon, John
I’m in Los Angeles & I want to buy a Mobil home with cosmetic issues and rent it in my back yard, mobile homes are so expensive here
Thanks for watching and commenting. That is fantastic that you would be allowed to have a mobile home in your backyard in the Los Angeles area. I would think that an RV may be allowed, however I am surprised that a mobile home is. However with regards to your statement about finding an inexpensive mobile home for sale, you are absolutely going to have to go inland for sure. Mobile homes on the coast are mostly quite expensive. That is because when there is a mobile home seller there is a buyer to scoop up the property. However there are mobile homes with title problems, at certain auctions, in need of vast repairs, and/or with sellers that need to sell very quickly. We also choose to have sellers find us before the home is on the market. With all of these methods you will still be going inland to find many more inexpensive properties. I hope that this helps and starts to point you in the right direction. Talk soon, John
@@MobileHomeFormula inland auctions, I’d love to know more about that and and am open for an RV for a good price aswell, looking for a cosmetic repair on them so I can get it going and rent it out, what do you think about going inland for that
Yes, the wood panel is killing me.
A classic look.
I'm looking to buy a mobile home unit anywhere in the United States that's really cool for 5000 do you know any websites or any info God bless you Ty
Thank you for reaching out and connecting. I would not just recommend one website, but rather every website you can find online. I would also encourage you to speak with park managers and many sellers that you can find off-line as well. When I work with folks to invest in mobile homes we are finding many of our deals off-line, and that are not currently being advertised yet. Make sure to really know who was selling what in your area so that you know all of your options. I hope this helps and make sense. Moving forward if you have any follow-up questions never hesitate to reach out any time. All the best.
free lot rent ? why would they offer that ?
I'm live north Carolina..
You are in a great state for this type of investing. Moving forward when you have a follow-up mobile home related questions never hesitate to reach out any time. Talk soon, John
Pile them in a pile and put a match to them!
Great vid
Thanks for commenting! Keep in touch.
Some they need repair I'm looking for a movil home I just loose my own movil home
Thanks for commenting and reaching out. I regret to hear about you losing your mobile home. Moving forward never hesitate to email me or comment back with any specific questions. I do not know why you lost this mobile home however it is important to not lose any more moving forward. Keep in touch please. All the best.
Hi John happy holiday Greetings to you and your family
I tried your email i found in the comments, it failed I need to contact you please.
Hi Even. Very good to hear from you. Thanks for watching this video and commenting. Last week I personally received your application and email. I responded to this application to an email with a time for us to speak together. However when I did not hear back from you I sent over a second email as well. My apologies for this technical difficulty. Somewhere in the sending or receiving there is definitely a technical problem. Perhaps my emails have been going to your spam folder. Please check there and if not feel free to email me directly always at support@mobilehomeinvesting.net. If you do not hear for me in 48 hours that means that the email likely was not received. Keep in touch moving forward. Hope everything is well. Talk soon, John
So what was your offer on the mobile home you liked?
Thanks for reaching out and commenting! Thanks for following up as well. In reality, all of these homes would be profitable when sold via monthly payments. However it is my goal to recoup all my invested capital sooner rather than later. For this reason I passed on the first home, made an offer of zero dollars for the second home, and $2600 for the third. The park countered at $3500 for the third. Hope that this helps him. Keep in touch moving forward. If you have any follow-up questions never hesitate to reach out any time. Talk soon, John
Did you do this deal for $3,500. What is it worth sold for cash fixed? Cost to cure? Value on payments?
i made this mistake for a cheap place to live ,big mistake ....
Hi Michael. Thanks for watching and commenting. What was the mistake? Definitely comment back if possible so we can all learn more about what you did and to avoid that mistake in the future.
it's not that back in the 70s they didn't make the homes the best they didn't have the same material and equipment that we have today
Thanks for reaching out and connecting. You bring up a great point! Some builders were very ethical and used top-quality products for the time. Other builders chose to cheap out and use very inexpensive products, even for the time, to create more profit for themselves or other reasons. After 1976 things became a bit more regulated when HUD stepped in and a lot of these builders went out of business; one reason being because some builders could not do things as ethically or with as higher-quality as they should have been doing all along. Then again, this is only from different things I have read and people I've talked to her been in the business over 50 years. I hope that this helps and makes sense. Moving forward if you have any follow-up questions never hesitate to reach out anytime. All the best. Talk soon, John
Yes donate that one to me i am 68 years old and on disabilty
Hi Donald. Thanks for watching and connecting. I'm not sure why everyone thinks these homes are for donation. I absolutely want to give people great values for their money, however all of the mobile homes on this RUclips channel are definitely sold with the intent to make a profit. The profit can then be used to help two or three other mobile home sellers that are in bad situations and potentially losing their homes, ruining their credits, title problems, or being taken advantage of by the community or banks. However if you are looking for an inexpensive mobile home then perhaps reach out to local park managers to see if they have any opportunities available. Perhaps a home may be sold to you for a cheaper price if you are able to put in the repairs. Hope this helps and points you in the right direction. Any follow-up mobile home related questions please never hesitate to reach out anytime.
That is black mold RUN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
🏃♀️🏃♂️
Necesito una Mobil home barata vivo en everett w,a
Hola López. Gracias por contactarnos y conectarnos. Asegúrese de revisar todos los parques de casas móviles locales y de hablar con todos los administradores de parques. Espero que esto ayude. Buena suerte.
Would it be smart to wholesale this home ?
Great question! Like most dancers in real estate the answer to this question is definitely, it depends. In my opinion wholesaling mobile homes is one bullet in your belt. I know that this is a pretty vague answer however I do hope that it helps some. I would encourage you to be open-minded to homes that you are purchasing and reselling if possible. Keep in touch moving forward. All the best.
John Fedro so what you’re doing is seller refinancing for all your mobile home purchases ? Would you recommend this approach to mobile homes over others ?
No, replace the. Stove
Hi Sherry. Thanks for watching and commenting. Agreed with your comment about replacing the stove. Moving forward if you have any mobile home specific questions never hesitate to reach out any time. All the best.
I'm looking to sell my mobile home that has partly already been renavated and I own the land it's on. I want to move closer to the grandkids that are in plm beach, Florida but can't seem to find anything as of yet.id love to have a tiny home but don't see to many around the area
I’m looking in pa. Fir a mobile home to buy
Thanks for reaching out and connecting. When you have any mobile home related questions about any homes you see never hesitate to reach out any time. Keep in touch. All the best.
when people let these go this bad, its just cheaper to tear the thing down.... sad, it wasn';t even setup right.... probibly sitting on its axels..... looks like its a 1980's model.... just sad to see homes in this condition....
Hi John. Thank you for reaching out and connecting. It definitely is sad to see homes in this condition. Especially when a little bit of thoughtfulness and caring for them would have prevented a lot of these issues. In many areas of the country may be cheaper just to tear the mobile home down like you mentioned. However, in some areas of the country keeping an older or run down mobile home may be the cheaper way to go due to prices or specific grandfathering laws governing the area. In short, the answer is definitely it depends. Thanks again for commenting and reaching out. If you have any mobile home related questions never hesitate to reach out anytime. All the best.
@@MobileHomeFormula Thanks John. I own my own manufactured home and have done extensive repairs and improvements to it. I was lucky enough to be able to buy a 2 bed 2 bath home in 2012 for 10,200.00 cash and its now worth $25,000.00.... I just wish people would learn to take care of their homes better... with the housing crisis here in the Boise area, I'm surprised these home stay as vacant as they do....
Where to buy mobile homes
Hi Saheer, Thanks for reaching out and connecting. Mobile homes can be purchased directly from owner occupants, mobile home parks, dealerships, sometimes movers, and more. You can find these for sale both online and off-line and by knowing the right people. Also having a reputation in the area of course helps. Not sure if this is exactly what your question was referring to however I hope this does help. Keep in touch moving forward. All the best.
Well the 1st ones worth about 5k?
Not at all. Too much cumulative repairs to make any profit on mobile #1
Thanks for reaching out and connecting. The answer is definitely, it depends. In some areas of the country this home may not be worth much at all, and in other areas of the country this home would absolutely be worth $5000 or more. This really depends on the specific repairs of the home and of course the location and demand in the area. Also depending if you are going to be renting, selling on payments, or selling for cash to an end buyer as your exit strategy. Hope this makes a bit of sense. Moving forward never hesitate to reach out anytime. All the best.
😄how many speed bumpsim thinking of geting into buying and selling mobile homes to my name is Johnathan McGinnis i live in Brampton Ontario.
Hi Johnathan. Thanks for watching and commenting. Moving forward if you have any mobile home related questions please never hesitate to reach out anytime.
@@MobileHomeFormula ok thankyou how many speed bumps were in that park
Hi I found a mobile home in Cleveland Ohio for $5,000 it's a fixer upper
Where are you located at???
Hi Paula. Thank you for reaching out and connecting. I invest around the country however am located in Texas. Hope that this helps and answers your question. Feel free to keep in touch. Talk soon, John
Did you say there was a murder that happened in this last trailer?Yikes
You pretty much have to assume any trailer over 20 years old has hosted a murder.
You could not give it to me they make nice triler parks look like trash!
Hi Donald. Thanks for reaching out and connecting. You certainly have a colorful and very vocal personality with your commenting style. We could certainly give the home to you, or someone else could give it to you as well. However commenting on RUclips for us to donate you a mobile home is definitely not the right way to go about things. We are very happy to help and donate immensely to charities we believe in. The mobile home investors on this channel also work very hard to provide a good life for themselves as well as genuinely help others while building a business of their own. This is a very hard thing to juggle. Moving forward if you would genuinely like some help feel free to email me directly with more specifics about your situation and location. If I'm able to help more than I will try to do so. However it is important to do for ourselves as well. I encourage you to not just search with me but also by contacting every single local community Park manager around you. Find out from them what they have available and you may be very surprised to find something within your price range or that you are able to fix up. I sincerely hope that this helps and points you in the right direction moving forward.
I will like to buy it ?my name is Vella.
Hi Noevella Mayorquin. Thank you so much for reaching out and connecting. This particular video is a bit older and the mobile homes have been spoken for and resold. Which area of the country are you located? In your area I would encourage you to speak with most of the local park managers around your area as well as keep looking online as many places as possible. Moving forward if you have any follow-up mobile home related questions or concerns never hesitate to reach out any time. All the best. Talk soon, John
Absolutely not on the first one. Take it to the dump. Last on asking 8000. I’d offer 6000. Fix it up and ask 10,000
If you want quiet you need a 55 plus
Thanks for commenting and reaching out. These seem like well thought out answers. You're definitely correct that more 55+ communities are a bit quieter than those family parks. Keep in touch moving forward. If you have any follow-up mobile home related questions never hesitate to reach out anytime. All the best.
Last one, I was thinking more like $2,500 with free lot rent, put in $5-6,000, sell for 17,000-20,000.
Funny. I drove through this park yesterday. It's a big community
Thanks for reaching out and connecting. It is a big community! Many many many speed bumps. :-)
@@MobileHomeFormula hahah so many!
Those mobile homes are definitely not worth $30,000
Hello Isis. Thank you so much for reaching out and connecting. It took me a few years of investing to learn that things are "worth" what somebody will pay for them. Additionally, if you are able to sell things on monthly payments you can typically sell for a much higher price overall. However there are a lot of pieces in these deals so asking questions and understanding things is very important. Moving forward any follow-up questions please never hesitate to reach out anytime. Always happy to help if possible. Keep in touch.
Good enough for the TRASH!!
Scrap time for 1&2
Thanks for commenting Kenyon and DieselTrucker. There are definitely opportunities around and it is important to be selective. Just because someone has money, definitely does not mean that they should go out and quickly spend it. Some investors burn these homes down rather than make the repairs. And others are able to create value with the home legally one way or another. If the opportunities are skinny I am certainly not a fan. However this is definitely a good example that certain opportunities can be around from time to time. Certain investors will absolutely pass on some deals and another investor will be able to capitalize. Or perhaps make mistakes and learn some lessons. Thanks again for commenting. Moving forward if you have any follow-up questions or concerns never hesitate to reach out anytime. All the best.
Ants and water damage-
Quick fix? Yikes!
Yikes is right! Repairs typically take more money than we expect, and more time than we expect as well. Moving forward if you have any mobile home related questions never hesitate to reach out anytime.
Omg trash that place who would even pay a penny for it and it's dangerous
Thanks for watching and commenting. When you asked about who would even pay a penny for those, I would. I definitely would. Since filming this video originally the market has certainly changed and these homes are all in a very good area. Cleaned up and fixed up something worth value for sure. They could be sold for cash or via payments in this area. With that said they are definitely not move-in ready for the most part. However it's important to look past the repairs needed. Those all can be fixed in these homes can have many more years left of life left to them. However thanks again for watching in any follow-up mobile home related questions never hesitate to reach out anytime.
Night mare
Nope, you are awake.
Dry Rot
A lot of dry rot.
DUMPS!
LUMPS!
Do you have an email address? I would like to ask you a question about mobile homes in mobile home parks.
Thanks for reaching out and commenting. You can absolutely reach me at support@mobilehomeinvesting.net.