how to get started investing-flipping mobile homes-renovations-tips
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- Опубликовано: 8 авг 2024
- How to get started investing in mobile homes for beginners with little money. Today we're hanging out w/ my friend Stephanie McAnuff. She's a real estate broker, mobile home investor, mobile home park owner & mobile home park manager. She started a renovation on one of her mobile homes and I want to walk you through it to see the difference between repairing a single family house and repairing a mobile home. The building materials are different & you have to use a different contractor that understands this type of construction as well.
Stephanie will also go over the numbers regarding lot rent and how much rent she can charge for this home. She'll further explain how she was able to get this mobile home for FREE. I never knew you could do that but based on this strategy, it all makes sense. You have no excuse after this to at least take a look at starting your mobile home investing business.
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00:00- Intro
1:50 - Let's go over the exterior of a mobile home
4:56 - Let's go inside to see what repairs are needed starting with the Living room and go over the building materials for a mobile home
9:40 - What needs to be done inside the kitchen
13:30 - Here's the bathroom
14:16 - This is the primary bedroom
17:05 - Let's go over the numbers, purchase price, rents, repair estimates etc. & how she got this mobile home for free
21:18 - What contractor should you look for when doing repairs to a mobile home
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#mobilehomeinvesting, #howtogetstartedinvestinginmobilehomes, #howmuchisamobile
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Cool walk through and detailed description of what to look for. These are my favorite.
Your face is like: I can't believe people live in squalor like this!😱 I used to think that but the newer ones are really really nice!
I hear there's some new units that pretty nice
That's a nice stove! I usually prefer gas ovens, but that is a nice one. I lived in a mobile home years ago, they are okay if like a traditional house, they're in good shape.
I began to watch you last week and since then have been checking out the mobile home market in my area. Yes, there are some very low cost and even free mobile homes available and they are older units and look horrible. However, after watching this video I now believe they _may_ have some potential with the right repairs and minimal upgrades. Thanks for the insight. More like this please.
I need to get Stephanie back on here. thnx
This video is what I needed thanks
She was great 👍🏾 definitely interested in knowing more
That was kool I have been wanting to by one.
In Alabama I see free mobile homes every day..but sometimes the cost to move the thing and renovate is not worth it...or unaffordable without a loan
are they super old/vintage? that's the kind I'm seeing in my area of Texas.
@@40EntrepreneurDrive some of them are,but most of them just need A LOT of work..but it's$ 3,500/4,000 to move it 50 miles.... sometimes they are so broken down they may not survive the move...just have to count the cost of it and see if it is wise for you.... "hypothetically" if you moved a Mobile home in bad shape it cost $4000 ( if you plan on selling it all cash let's assume you have your own property to fix it up on) estimates done and it may cost $6,000 to get everything fixed to make it livable and that's already $10,000 .now those upfront cost.....SHEESH! 🙄 and then times are tough right now inflation is real...even in Alabama!
Love that your daughter is helping you but it was very hard to view this video with all the constant moving of the camera and the lighting. This is very important info to your round up family. Just my thoughts respectfully. Thanks for all that you give Kris, we appreciate you very much.
Would it help Taylor to have one of those gimbal gadgets? It’ll help her keep steady. Otherwise she’s doing a good job!! I enjoy seeing her helping out and learning.
They have a RUclipsr that bought one off of Facebook market place for $500. And her and her husband fixed it up. He is a contractor
I'm also in NC and just invested in my first mobile home, learning a lot by doing the work myself, along with help from family. Will put in about $8k-$10k by the time I'm done, on top of the $3,000 I paid for the home. It's a big 3br/2bth that I'm actually putting in better materials than factory on the subfloor, insulation, floor, cabinets, etc. Haven't decided if I should sell or rent yet b/c I'd hate to get rid of it since it'll be pretty solid once done.
I think her $4k-$5k estimate to get all the repairs done between labor & materials is way off the mark, unless they are doing the bare minimum and making nightmare repairs as I've already experienced in the home I bought myself. I was shown pictures of it being repaired 10 months ago, and if i was the renter they had in there I would've called the city and filed a claim or reported them b/c of the horrible job they did, and all the nasty stuff I've found while taking things apart.
I do appreciate the video though b/c I'm definitely learning a lot from youtube on what others are doing good or bad.
Great video! It was very informative. I would like more info on just flipping mobile homes though. I see most investors and the mobile home Gurus on RUclips always talk about renting them out or doing creative financing deals where they charge the end buyer $300 per month for 5 years. But I would prefer to just flip and sell them at least initially. Maybe I would do the note method later on down the road. Do you or Stephanie by chance have any detailed info on this strategy as it relates to mobile homes?
With some paint and TLC this might work.
So what’s behind the paneling?
Great work. Do she have another website? The old one doesn't work.
hey, thnx for letting us know, here's the correct link for Stephanie's training mcanuffgroup--krish.thrivecart.com/mobile-home-training/, thnx for supporting our mission.
Do park managers care if people are flipping mobile homes in their park? Can the Flipper sell it on owner finance to the new buyer?
👏🏽👏🏽💕
I call BS on the numbers, if you need really need to bring that house up to code you’re looking at at least 10-20k
Wow she took the people house this make it hard to rent from certain people
well, i don't know if she "took" anything. Perhaps she helped them move on w/ their lives...
Oh! So she's not interested in bringing in new appliances for her rental, but at the same time she renovating the trailer home?🤔 So if you are renovating the whole trailer home, it should also have new appliances🤔 I know I would not wanna cook on that nasty 1971 stove that been sitting in that trailer over 51 yrs..🤦🤷 If you clean it out, or not, I don't want it. She's very knowledgeable and educated in the mobile home industry tho!