Mobile Home Park Investing for Beginners | Creative Financing
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- Опубліковано 21 вер 2024
- In today's video I want to talk to you about mobile home park investing for beginners, I will talk to you about how you can get into buying mobile homes through Creative Financing. Enjoy!
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a UA-cam video for entertainment purposes ONLY ❎
ive been a real estate investor for 20 years with multifamily housing .....ive done ok but im considering getting out of new england and doing the mobile home thing....never realized the differences between the two....great videos
They changed the rules
Pace im in Mesa Arizona I seller financed 83 mobile homes with mlo and irs seized my bank account I lost $113,000, you have to use mlo even though it’s a vehicle because of interest , there’s a way around it if put title into personal property trust and then put PEROSNAL property lien on title for the personal property promissory note. But you do have to use mlo otherwise now.
@PaceMorby why "can't"/don't you chime in on this....
@pacemorby ?
This was very helpful… I grew up in trailer parks and it would be trauma recovery to now own them…. I’ve managed one flip deal but I was so exhausted after the work.. I like the idea of working w just lot payments ….
How do you find good deals vefore investors and what kind of circumstances would the seller be in for the buyer to make a good deal …. As everyone is trying to get as much as they can
LOVE this video, thank you Pace for posting! There's a mobile home park near me that's listed by a broker in the area. Although I'm an agent and I have spoken to her about this property, im thinking of approaching it a different way. I'm going to call her and have her write up the offer, seller financing. I believe there's 13 lots, 10 acres, only 3 lots producing income at about 180 a month each, one tenant not paying last I heard. They're asking 150k. This would be a fantastic 55+ community or RV park 🔥🔥🔥😎✌ Let's get it!!! ✌
what are the terms are you offering? if you dont mind sharing.
How many watts are you giving yourself to fill all those lots? Wow that is some low rent. Just ask yourself why are there so many Lots empty?? If it was easy the landlord would have had them filled
@@steffie6510low rent cause it's a shit hole. U ain't that bright are you
People don’t bring in trailers. Too expensive. Can’t get financing unless it’s on deeded property. You must put a house on then seller finance. RVs yes you can.
I’ve just started considering investing/buying Mobile home parks. I’m trying to learn as much as possible before taking the plunge. Do you give courses or are you straight UA-cam? Thanks. Great vid BTW I learned my first bit of info from it.
I have courses. SubTo is a creative finance course, Gator Method is a transactional lending course! There is a decent amount of RV park content on the channel for free as well!
I’m looking at buying a small static home over 10 years and renting it out whilst I’m not there, renovating it whilst I am there and flipping it for double when the 10 years is up 🤔 it’s 29,995 and 5,000 deposit with a 270 a month payment
you didnt even ask about utilities, age of homes, mgmt?
How can I start a mobile home park? With just buying the land will I get the loan how do I go about it
If the mobile homes are renter owned and they get old/junky looking - how do you handle?
How do attract persons with trailers to fill your vacant spots?
That's a great question. Come and join us on our free group on Facebook: paceapproves.com/communityytc
Make the park spaces like an AirBnB
This is great content!!
City water or well? Condition of roads?
RV's in the park, way too transit! You must keep filling every few months vs. a long time tenant ! Are u looking for passive or hands on? THIS is Hands On.
Bad advice all around......smh
Looking at buying a 35 trailer mobile home park. Has 7 rv pads also. 100% occupancy. A home is on the property worth $243k that I could live in or rent out.
Annual income $420k/year gross. Appraisal for business was $1.8 and property came in at $1.6 mil. Appraisal for whole park/business is $1.7 mil. Seller is my aunt. Any advice on what you would offer for a owner finance through them for 3-5 years?
Hey Kevin! Would love to answer this but I'm currently on my way to Montana. Drop the details of this deal on the free Facebook group and I'll try to answer it. If not, my students who do deals like this everyday can help! Join now and make a post! shor.by/Si74
Amortize it for 30 years due in 7
I can help fill the spots if you allow investors in the park
My tiny brain does not comprehend
I need help finding financing for a mobile home park if anybody is interested please let me know I've been looking and looking for a long time just haven't found the right people.
Are you buying parks? If so I have one for sale. Where can I send deal info?
Where are you located?
I just got an 18 pad MH park under contract in Bay City, Tx! Please contact if interested!!