Resident Owned Mobile Home Parks - Three 55 plus communities
HTML-код
- Опубликовано: 19 авг 2024
- Resident Owned Mobile Home Parks offer an alternative to paying lot rent. They are another option in 55 plus manufactured housing communities in Florida. We look at three parks offering rental and shareholder options from budget to a Golf & Country Club. Snowbirds may find this a desirable alternative to land-lease. Manufactured homes are the last bargain left in affordable housing for Florida retirement communities. Used mobile homes & manufactured homes are widely available. The opportunity to place new homes in these communities also exists. If you are buying a mobile home, checking mobile home prices, or just looking for a 55 community; this is a good place to start.
Free Workshop: "Introduction to Florida Manufactured Home Communities"
fmhla.mykajabi...
My book: Retirement in Florida Manufactured Homes & The Land-Lease Option
Available on Amazon: amzn.to/4dwnar8
Florida Manufactured Home Living - Website
www.floridamfg...
Florida Manufactured Home Living - Facebook
/ russellswatson
Florida Manufactured Home Living Academy
fmhla.mykajabi...
Park Websites:
Hammock Estates:
www.hammockest...
Tropical Isles
tropical-isles...
Indianwood Golf & Country Club
www.indian596w...
NOTE! Indianwood Golf & Country Club is no longer a CoOp.
DISCLOSURE: I may review or link to products & services I have written or regularly use and think you might find helpful. Wherever possible, I use referral links, which means if you click one link in this video or description and make a purchase, I may receive a small commission or other compensation. I like Amazon, and many of our links to products/gear are links to those products on Amazon. I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.
More than the stated benefits, the fact of the present trend of trailer/mobile home parks being sold out from under the existing residences, will be your best selling point.
Can't do much on 650 per month. Thank God for umbrella's I enjoy your video's
Thank you Russel I enjoyed listening to this video. Lovely places you showed.
Russ... Your low-key, comfortable presentations are a joy watch. I would like to find a moderately priced CO-OP between Bonita Springs and Bradenton.
Wow, thanks!
Thanks Russ,another consideration to think about.
I've looked and looked to try to find some sort of master list of co op communities in Florida with no luck. The one or two I've come across, I bookmarked and check in periodically to see if they have any homes listed for sale. Co Ops are like the holy grail of MH living in Florida to me and have the same appeal as rent controlled property in NYC.... and seem to be just as hard to find...
You can request a list for a particular county on the website. I showed this in the video. There were homes for sale in all three of the parks Iin this video. Also, be sure to catch my next video on a large Recreation District. It's another alternative where you OWN the Land.
@@RussellWatsonFMHL , can you please send me an updated list of homes where you own the land but not too expensive .
Can you provide the link here ??? Thank you !
@@militagonzalez366 Please see my replies above. I do not have lists with prices nor do I know of any. It's something you have to research county by county for the area you want to live in.
I'LL I'LL DEFINITELY LIKE FLORIDA 🤷 IT'S GOOD WINTER WEATHER I'D CHECKED OUT SOME MOBLE HOMES, THANK GOD 🙏 WHEN I'D SOLD MY HOUSE UP 🏠 IN BALTIMORE MARYLAND AND MOVED DOWN HERE TO NORTH CAROLINA, AND HAD A CUSTOM HOUSE BUILT 🏠 2/6 EXTEAR WALLS AND 8 FOOT CELINGS, 2000 SQUARE. FOOT ,TAXES 17OO YEAR 800 INSURANCE AND LESS THAN 100 DOLLARS 💵 MO UTLITES
@@militagonzalez366 GOOD 👍 LUCK WITH THAT, I'D DEFINITELY SPENT A LOTS OF MONEY 💰 AND TIME IN FLORIDA, THE PARK OWNERS DON'T WANT TO SALE THE LAND AND MOBLE HOMES, WHEN YOU PURCHE THE LOT AND MOBLE HOME, YOU DEFINITELY NEED DEEP POCKETS.
I am looking into moving myself and my senior mom to Florida this year. I really enjoy your information and look forward to your videos.
Awesome! Thank you! I'll be back in production in the next couple weeks. Just getting our Inner Circle and the path to our course on selecting a home & community polished up a bit.
you never SAY you website in your videos. I had to dig to find it. SAY IT PROUD!
Thanks, it should be In the description. I try not to push too much stuff on folks in every video. Glad you like the website!
Thank you Russ awesome information 👍
Your a good friend selling my mobile home in Arizona and driving down just trying to decide Atlantic or Gulf
Yup, lots of good to say about either choice!
You show all this beautiful homes , but the most important is how much it cost a month in thous homes including expenses, that's what the public like to to know
There are a lot of problems posting lot rents and other costs in these videos. First, they are often specific to the lot so a park can have many different lot rents. Second, they change every year so three years from now someone interested in this area will be commenting on how disappointed they were when they found all the rents I disclosed were way lower than they were told when they got to the park. (Videos cannot be edited once posted even if I wanted to try to update them all every year) Third, I could make a mistake and cause folks to claim I was falsely promoting a particular park or had it way overpriced which would upset the park owner. To add in monthly expenses, which are unique to each home, is impossible. It is up to the buyer to research the areas and homes he/she are interested in and get up to date costs for comparison. If you want help comparing homes and parks I suggest my book: Retirement in Florida - Manufactured Homes - The Land-Lease Option
amzn.to/3c3UMPJ
Can you do a segment on Rv communities that are resident owned.
Sorry John, I really know very little about R/Vs and R/V Campgrounds. Might be something I'll look at in the future.
Good to know!!!! I am living in State of Washington and looking for a place that I can retire in 2030. Thank you!!!!
You are so welcome! Stay tuned - many more videos coming on communities across the state.
Informative
Good job 👍 good information TKS 😁
Glad it was helpful!
Francis one in sebring fl that has someots that are coop 99 year lease and allow 2 dogs 🐕
Great video very informative and did know a thing about this subject. God bless.
Glad it was helpful!
Should be very careful buying in a Co-op park, for resale purposes. Co-ops will only qualify for a non-qualified mortgage, which means much higher intrest rates and then limited to one or two lenders.
True, a different kind of loan. But there simply is no one shoe that fits all and in fact there are many who are very happy in CoOps. The key is in figuring out the right choice for you.
Busy doesn’t mean they aren’t quiet. 😊
Thank you great video ‼️
You’re welcome 😊
Great job of today's content, very much enjoyed it and agree with all of your assessments.
Much appreciated!
Thank you for a little info.
Glad it was helpful!
Good to learn about different types of ownership but why the mariachi music LOL????
Because life in these communities can be one continuous party!
This video is very helpful
Great! Check out our website for more resources: www.floridamfghome.com/
Buying a share seems to be more about pride.
I am going to pay upwards of 50k to save an average of 300 a month on lot rent?
It will take me 13 years to break even.
Well, your math is spot on and I know at least one salesperson in a CoOp who rents when he could easily buy a share based upon that same logic. But times they are a changing. I suggest you watch my latest video on CoOps: ruclips.net/video/oAFrUf6EIws/видео.html
I can't imagine a group of over 55ers requiring no pets !! What's wrong with you people ???
I share your thoughts but there are a lot of (completely full!) communities that do not allow pets including many that are resident owned. All part of the choices we have and have to make in choosing communities.
Not everyone enjoys the yapping of a drop-kick dog.
A place without a pet is no where I'd want to be
Ya i agree selfish people
No barking.
I really like the information on your channel. I notice the vast majority of the places you cover are in the southern part of the state. No locations in the northern part of the state?
I live in Fort Pierce and was the FMO District President for this area so it's where I started. I'll be pushing further out into the state this year.
There’s never any one out side looks like a ghost town like every one is banned from going out side 😂
You need people's written permission to be in a video so the people frames get edited out. Thanks for the comment though. Maybe I can get a few drone shots with people active in the community next time.
We have a dog.
I watched this video with interest. My park, formally Sunny Acres Mobile Home Park, was recently sold to Hugh Reid, a name you may be familiar with as he owns at least 28 corporations that I know of here in FL. My problem is he raised the lot rent $150, bringing our monthly total to $806. This is not a high end park. No pool or clubhouse, no cable or activities. Only lawncare, water and the dumpster are paid for. The trailers are all approximately 50 years old, the owners mostly retired on fixed income. Do we have any recourse? Other than moving?
There are a couple Sunny Acres in FL. Is this the one in Bradenton now listed under Gemstone Communities? Florida statute FS 723.037 lays out the process for your HOA or a majority of affected residents to follow if you feel a rent increase is unreasonable. You have 30 days after receiving the 90 day notice of increase from the park owner.
@@RussellWatsonFMHL This the former Sunny Acres in Naples. And Thank you for the reply. I will look at the statute and galvanize the residents. I'll keep you informed. Btw, this is now known as Par 4.
The greed continues.
@@christinemarlo5672 ms christine im in cali n my new apts owner is trying to illegally shut down my irs fed. affordable contracted property. im about to fed charge him. these greedy prop owners will keep on going until the usa is totally homeless and death jumping from wallstreet buildings like the 1920's. depression
@@cccc8643 so sad
Before your video starts, the "caption" says "co-ops, as low as $72/month" Where can I find more info about that? I'm a 71 yr old single lady with very low Social Security to live on. Can you direct me to a place to find this? Thanks!
That was in Hammock Estates. The link to their website is in the video description.
@@RussellWatsonFMHL are they the only park with this price?
@@daughterbeloved9901 I have no idea. There are hundreds of CoOps in FL and I'm not aware of a "price list".
I'm in same situation. I'm interested too.
It's really a struggle being single, a senior, finding a nice place living on Social Security and a small pension. I'm just 70.
You would need to be approved by the park first, have enough money (which would be in the thousands) to purchase and maintain an approved manufactured home, plus the utilities/insurance. It's not just $72. per month to rent a mh there, that's only for people who own a mh in that park and are part of the co-op.
I am interested
My husband and I are interested in a mobile home I was wondering if we go to a mobile home dealership do they have lists of these of vacant lots available especially the parks in fl where you own the property. My brother in law bought a mobile home in a beautiful community in fl and all he pays is 2400 a yr that’s it besides his home owners ins and of course water power , they supply basic cable 2 pools clubhouse and it’s a security guard at the gate very beautiful clean and well maintained great amenities
You can request a statewide CoOp list by joining our Inner Circle. It's Free! www.floridamfghome.com/Buyer-Resources There may be other ROCs, such as subdivisions or condo communities, but lists are not readily available. I feature many of these in my area videos. Also check Real-Estate listings in the area for manufactured homes. www.floridamfghome.com/Buyer-Resources If you are looking for a guide to researching and selecting communities, I suggest my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ Much of what we present applies to ROCs as well. We go into this much deeper in our MH New Buyers course, Sign up to be notified of the next course availability here: fmhla.mykajabi.com/
Great video
Thanks!
Residents yes investment no
But i want to keep my little Chihuahuas. Theyre my only family. Can yiu do a video òf co--ops , cheaper ones. That allow 2 tiny pets. They dont go out without me, always on a leash.
Never mind. Thank you. I saw it.
Thank u
No problem
Can you get home owners insurance on these places or how does that work?
Absolutely. There are companies and agencies, listed on the website. There are some key years to consider. Pre-1976 are not HUD certified and are harder to insure. 1994 and later were built to withstand higher winds and may be less expensive to insure. i have a 1986 and its about $2K/year near the coast.
Unfortunately, as someone in his 40's who does NOT party, carry on, irritate his neighbors and generally keeps to himself I'm a bit ... miffed. I don't drink. I don't play loud music. I don't take any drugs stronger than Aleve.
I've worked like a demon my whole life, to the point that I've wrecked my body quite badly with joint injuries, nerve damage and even a pair of brain injuries. I'm trying to find somewhere nice to live, and I can't. There are numerous 55+ communities in my area and I could easily afford a home in one of them. Easily. I'd love to. They won't let me in because I'm "not mature enough".
Frankly, with that kind of attitude, I honestly can't wait for you all to knock off. Maybe then the housing prices will FINALLY come down for the rest of us.
Sorry you have so many difficulties. There are many all age communities in Florida with bargains to be found and similar lot rents. I suggest you look at those. 55+ is a HUD program and park owners must live by its rules if they want to create retirement communities. For more on how that works see my video on 55+ : ruclips.net/video/h-dS6CxVjN4/видео.html
@@RussellWatsonFMHL I don't live in Florida. In my area, a fully *gutted* cottage style home (1bdrm/1bthrm
@@SoulSoundMuisc- You may want to consider living outside of the United States, dying towns and/or rural areas instead where you buy a place for a lot less. I believe there are better options for old houses or living off grid than these mobile home communities where the lot rent is variable. Also, there are not many of these co-op communities anyway.
Lots with water viee
Thank you. I like your channel. Pls tell me any mobile home park with mostly male residents? I moved from California to Florida in pompano beach in a co op a lovely place but the older women are too forward to be too friendly it makes me feel very uncomfortable. I'm relatively younger so I understand they get enthusiastic. Also 55+ with male majority? I'm 44 sometimes 55+ communities make exceptions for a younger owner or 2. Many thanks.
Recommending parks is like recommending cars. Everyone has a different budget, tastes, and goals. Factors such as area, proximity, amenities, age, home prices, lot rent, etc. create too many variables. My ideal park, just like my ideal pair of shoes, won't fit you. You need to identify your needs, narrow down your choices, and then contact the park(s) to see what's available. For more info on MH parks attend our FREE Workshop, Sign up to be notified of the workshop availability here: fmhla.mykajabi.com/mh-new-buyer. I have no way of determining age or sex distribution in parks. There are a few that accept limited numbers under 55 but again the is no list or way to find them other than through a local agent.
I was looking up around the Florida panhandle and I couldn't find anything. I found one in foley alabama.
I don't think there are any ROCs in that area.
Russell I enjoyed the video, are there any co-ops that accept large dogs?
I don't know. Unfortunately there is no registry for pet rules. It's part of the research needed before buying a home.
Where I'm at you buy your home and land and pay dues to cover roads and amenities and cost to run everything,but I'd love to sell and move closer to family I'm in Texas but family in Florida most my Tex family passed or moved to Florida
We have those communities in Florida too. See my video on Barefoot Bay ruclips.net/video/4G_FcZOZv-E/видео.html
You should do something up to date
Here's a list of ROC related videos. The latest is on CoOps and was done in Dec. ruclips.net/video/10eCCZjxyJ0/видео.html&pp=gAQBiAQB
Service dogs must be allowed
Pero lo malo que no permiten rentarlo
Yes, most resident owned communities prohibit purchasing for the purpose of renting.
Hello ! I'm interested in Pinellis and Pasco County resident owned parks. Thank you !
OK, please use the form on the website as shown in the video.
How about further south towards Fort Myers or North Fort Myers allowing pets
I have Ft. Myers on my list of areas to cover this year. In the meantime, join my Inner Circle (free) and download a complete coop list for the state. www.floridamfghome.com/Buyer-Resources If you want a guide to choosing a community may I suggest my book:
Retirement in Florida - Manufactured Homes - The Land-Lease Option
amzn.to/3c3UMPJ
@@RussellWatsonFMHL thank you
Any places in st Augustine
One or two - Join my Inner Circle (free) and download a complete list for the state. www.floridamfghome.com/Buyer-Resources If you are looking for a guide to researching and selecting communities, I suggest my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
Do you have any suggestions over by Tampa/port richey
Recommending parks is like recommending cars. Everyone has a different budget, tastes, and goals. Factors such as area, proximity, amenities, age, home prices, lot rent, etc. create too many variables. My ideal park, just like my ideal pair of shoes, won't fit you. You need to identify your needs, narrow down your choices, and then contact the park(s) to see what's available. We go into this much deeper in our MH New Buyers course. I am holding a workshop (free) over the next couple weeks if you are interested. Sign up right away though, It will close shortly. Click here for more info: fabulous-innovator-2671.ck.page/ab522a8196
I have a question I would like to know Which mobile home parks do Canadians live in majority in the whole State of Florida .. Much appreciated 👁🙏🏼🌻
I have no idea. I'm not aware of anyone keeping that data.
Have you ever seen videos of what hurricanes do to a mobile home? It’s not pretty. Think twice before buying.
Well, that's true of a mobile home as there were no building codes or installation standards pre-1976 when HUD code was put in place. Hurricane risk is not limited to mobile homes however. Location is far more mitigating than choice of home type, unless you can afford a CAT-5 proof bunker.
Are there any investment opportunities as far as trailer park owners. ?
I'm sure there are. Check out Mobile Home University/Frank Rolfe
Does Texas have roc's
I don't know. Never been to Texas!
Is it still there after hurricanes
Yes, as are hundreds of other communities. There certainly were parks in the storms path that were affected. There were even more conventional homes, buildings, bridges, and other major structures. A CAT4 hurricane is a very destructive. Unfortunately pics of mobile homes trashed sell "news" so that's all you see. None of these parks were affected any more than the rest of Florida.
In the 2 videos I have seen from you most of the parks are in central and eastern Florida, what about the gulf coast?
I live on the east coast, so that's where I started. I've done a couple in the middle but none yet on the gulf coast. There are a couple of parks there I want to cover. Through my past work with FMO, I am pretty familiar with most parks in the state and have friends in quite a few on the gulf coast. For the purposes of educating folks on the types of communities out there, there are good examples of almost every type closer to me. I plan a series of videos on areas of Florida, highlighting parks in each area. This will include most of the west coast.
Thank you!
Would like to know what resident owned parks that have new homes or vacant land to put your own home on. Tired of looking
Many that I have visited have both available. I suggest you first narrow your choice to an area and then use our processes to evaluate parks. Look for websites - they usually list new homes and lot availability on websites. You can join our Inner Circle and download a complete list of CoOps for the state. Unfortunately data on subdivisions and condo communities is a bit harder to come by but I do feature them in videos done on particular cities or areas.
Are there any co-ops in SC?
The nearest one I found on the ROC USA website: Oak Meadows Community Association, Asheboro, NC
I have a question. I am located a 1980 mobile home. The all season room is on a concrete pad but the house itself is on concrete blocks. There is a pond about 100 yards away on another property with a chain link fence between them. I am very concerned that being in central Florida if the mobile home is not on a concrete pad the mobile home is not sturdy. They say it does have tie downs because it is a law since 1979. Is that a deal breaker that it doesn't have a concrete pad under the Homan the pond so close. I'm desperate. I've never owned a mobile home and I need to decide now weather to pull the trigger on the place. Thanks so much
I can tell you that virtually every mobile home in Florida - even brand new ones - are on concrete block pillars. My recommendation is to have a qualified inspector look it over before you buy.
I was looking for you Recreation District video but didn't see it. I have been searching owned-land 55+ MH communities in SWFL. I have so far found only one (Lazy Days Village Ft Myers). They seem to be a more rare type. Are there more?
You can request a statewide CoOp list by joining our Inner Circle. It's Free! www.floridamfghome.com/Buyer-Resources There may be other ROCs, such as subdivisions, but lists are not readily available. Check Real-Estate listings in the area for manufactured homes. The Barefoot Bay video is here: ruclips.net/video/4G_FcZOZv-E/видео.html
I am 57 and looking to move Bonita Springs. HUD housing Is hard to find due to long wait lists! I need affordable and safe living. My husband missed committed suicide and I want to be close to his parents. I do have pets but they are emotional support pets. I’m clean and quiet and stay to myself. Yard work is out of the question but I’m sure could work that out. I’m in a small 500 sq ft HUD apt balding in a drug infested unsafe area. I need to move quickly so I needs to be affordable
There are affordable housing programs using Federal and State funds in Florida but none, that I know of, apply to manufactured housing communities.
Don't trailers blow away in hurricanes?
The conundrum with that worry is how so many manufactured and mobile homes (including ALL of these) are still there and in great shape after 30 - 50 years' worth of hurricanes in Florida. In fact, there are hundreds of thousands of 1990 and earlier that somehow survived.......And, while I see headline grabbing photos of mobile homes destroyed by hurricanes every few years, I see demolished cars and fatalities on the highways almost daily. Doesn't mean I stop driving ... Also, some locations are less prone than others. Being just a little inland makes a big difference, too. See my video on choosing a location: ruclips.net/video/3K4BqVEspOw/видео.html
Wow I enjoy your video bud, my wife and I are in the process of purchasing a mobile Home, my wife is 28 and I’m 30 we have 3 small kids, we can buy the home however we have to move the mobile home out and bring it to a different park, my question is beside the LOT rent per month is there any other charges or extra fees per month?
There can be quite a few. Taxes, water,sewer, lawn care, and trash come to mind. Have you given any thought to moving it to your own lot?
@@RussellWatsonFMHL I will love to move to my own lot, How do I do that?
@@djimmysoung4902 That varies by state. But the basics are to decide on an area you want to live in, talk to the applicable zoning/building department to find out where you can put a mobile or manufactured home, locate a lot for sale, prep the lot, move the home there, hook up utilities, and enjoy no lot rent.
@@RussellWatsonFMHL is there a link or a website you can share with me for that, I’ll love to move any where in Florida as long the place is very nice and they are willing to work with me
Not that I know of. There are also lots available in many Resident Owned Communities. You can join my Inner Circle (free) and download a list for the state, Also see my video on Barefoot Bay for examples of lots available in subdivisions. It will take some effort on your part to put it together but you will be building something that is more likely to appreciate and be tuned into a down payment on a larger home as the needs of your family grow. You can try the Florida Housing Coalition www.flhousing.org/?fbclid=IwAR3S10DpWhCg-tVnHm2eE9xiP2AQxo2UgXJX-Aa9lSxVJwc8leEgNoc6HbA for possible agencies to assist you. Call real estate agents in the area you are interested in and ask for referrals if the agent doesn't handle lots of that nature. Go onto the FB groups I have listed on the website and post your needs. It's a whole lot easier to just find someone to pay lot rent to (which will increase every year) but at your age private land makes much more sense. Join facebook.com/groups/mobilehomelivingremodels if you want to meet a whole lotta folks who have done this AND get a zillion ideas for remodeling your home. Several of my videos on resident owned communities show empty lots. You can get financing for this just like land if your credit is good and you have the income required. Hope this helps.
How rigid is the age restriction on the second occupier? I am 58 and my wife is 43. Would I generally be wasting my time considering these communities as a realistic option for us?
Not at all. I have seen a couple (out of hundreds) that limit residents to 45 but most are anywhere from 18 - 40. See my video on 55+ for greater detail: ruclips.net/video/h-dS6CxVjN4/видео.html
New to the channel, enjoying the content. Suggestion, would be really helpful if the town/city location was included in the title of the video.
With communities in three counties, I'm not sure what I might have put without getting too wordy. The idea for that video was to contrast three sizes of CoOps. I like your suggestion though and I did that with my most recent video: Florida Retirement Communities - Manufactured Homes - Punta Gorda
@@RussellWatsonFMHL that makes sense. Yes I liked the Punta gorda video, I knew in advance where you were.
Price????/ looks nice????
Price of what? This is an educational video that gives a view of three Resident Owned Communities.
Are there any of these 55+ co-ops in northern Florida? Pets ok too.
You can request a statewide CoOp list by joining our Inner Circle. It's Free! www.floridamfghome.com/Buyer-Resources
Can you do Sarasota
Sarasota , Bradenton, and Fort Myers are in the plan for this year. Next up for area shoots is Lakeland.
Hi. I currently live in Las Vegas, and will need to move in a year. I am looking at ROCs as I feel that I have more security if I am an owner. Is it possible to have a really nice tiny home built on the lot or am I restricted to a traditional mobile home floorplan?
Every ROC is different. There may be some traditional MH ROCs that allow that. But there are also R/V ROCs where a tiny home or park model might be allowed. I recommend you do some searching on Google for things like TINY HOME in Florida or R/V resident owned communities in Florida.
@@RussellWatsonFMHL Thank you! I learned so much from your videos, and will keep watching!
Where is that place?
The location is described in the video. Website link is in the description.
Does HOA fee include property tax?
No. each member pays property tax on their share. It's usually not a huge amount.
Any further north
In the video I show how to request a list of CoOps for a specific county.
What is co ops?
Check out this video: ruclips.net/video/10eCCZjxyJ0/видео.html
Are you kidding me with the lot rent? Does that include taxes ?
If you own a share in a Coop you do not pay lot rent. You do pay property taxes and a monthly maintenance fee.
See my video on ROCs for more info: ruclips.net/video/10eCCZjxyJ0/видео.html
Any co-ops in Texas?
Sorry, I don't know much about Texas.
My question to you is if I own A home in a resort Community with a co-op when I go to sell the home do I get anything for the co-op ownership, thank you
Yes, if you are a co-op shareholder the sale price of the home includes the price of the share. So a home that might sell for $60K on a rental lot, in a community with a $30K share price, would sell for $90K if you were a shareholder.. The buyer is buying both the home and the share.
Are there other options for the co-op share can you sell the house it self and get something back for the co-op from the mobile home park thank you
@@tdw062756 I don't know as every co-op has it's own bylaws. That's something you would have to ask a co-op that interests you.
Thank you so much for your quick helpful responses, we really enjoy watching your tapes, but I do have a couple more questions for you if you wouldn’t mind. With your experience with mobile homes don’t you think it would be easier to sell a home without a co-op then with one, or do you think there’s an advantage of selling one with a co-op them without one. And the other question if you can we are going to be coming to the Florida area in a couple months to look around do you know any good realtors that I could get a hold of that could help me in the Lakeland Sebring area
@@tdw062756 I have no data to support the relative value of share ownership vs not in home resale. From my experiance that choice is generally made on financial objectives going in, not resale vale. Another wrinkle seen lately is the majority of shareholders deciding to sell the co-op to REIT/Investment groups. The shareholders are seeing returns of 2 - 3 X share price. The renters see higher rents with nothing to offset that. I don't recommend individual agents. Like doctors and lawyers, what might be a great fit for me might not for you. I recommend you write down your specific wants and call several. Go with the one that seems best able/willing to help.
Which can have pets?
Pet policies are up to individual parks. The best way to be sure is to contact an agent or the park manager. MH Village often lists pet policies, but you still need to verify them.
👍😉
Hi all (especially Russell)
I often watch Russell Watson’s videos on RUclips on his Florida Manufactured Homes Living channel. I’m looking for a nice turn-key mobile home (can be in a 55 and over community, as I’m 56) that is new or nicely remodeled or nicely finished in a good park with a pool and possibly a gym. I’d like it near or in a town with bars/restaurants/shopping, and close to beaches. Here’s the thing: it has to be pet friendly, as we have three small dachshunds, and it has to have the ability for me to fence in part of the yard for the dogs. I have cash in hand, and budget could be up to $100K. I don’t want overly expensive lot rents or lots of rules in an HOA.
Is any of this possible, or am I shooting too high? Anyone have any guidance? Thanks.
Best regards,
David M. Ward DNP, APRN, CRNA
LTC, AN, USAR
It's not impossible but you may need to look long and hard with that shopping list at that price point.
@@RussellWatsonFMHL I’m willing to go up in budget. What options would I have at $125K? $150K? $200K? Any guidance? Thanks.
@@RussellWatsonFMHL Also, I’m willing to play the long game and look for a few years even. I eventually want to semi-retire down there once my Army pension kicks in. Thanks.
With the budget and requirements you have in mind I would be looking at Resident Owned Communities. Given the fence, pets, and minimal rules; I would be looking at MH subdivisions. (FS720 or private corporation). In the time frame you are looking at I suspect prices will come down. Barefoot Bay is an example, although it may not be an exact fit. Join the Inner Circle (if you haven't already) Read my book for tips on locating communities. Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
There will be an opportunity for Inner Circle members this fall to participate in comprehensive training on evaluating and locating a community to fulfill your dream and meet your needs. Perhaps that will be a fit for your future.
Are there any closer to daytona ?
Join my Inner Circle (free) and download a complete list for the state. www.floridamfghome.com/Buyer-Resources
✌✌✌✌✌
Thanks!
no pets
You lost me at, no pets. How ridiculous