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“It's a fad right now,” said Megan Haggerty, a New York real estate investor and broker who's planning to enter the Massachusetts mobile homes market. Haggerty has personally bought and sold several parks and brokered deals for larger investors. As stated above there are many state and zoning regulations mobile homes owners will go through to have their mobile homes located on land, whether it is private land or a mobile home parkland. Here are some state regulations for mobile homes.
Additionally, thank you for your detailed comment and questions. This certainly makes answering your questions a bit easier for me. With that said it certainly does not surprise me that many of the folks looking at your home would be unable to purchase the property. Mobile homes on land are usually a bit more difficult to become financed for. Not only does the home need to qualify however the buyer also has to apply and usually bring 20% down for a manufactured home loan.
Attaching a Mobile Home to Land
Additionally, thank you for your detailed comment as the certainly does help me understand your situation a bit better. If you get along great with your family then by all means having them close by on the same property would be ideal and fun. Hopefully the 40 acres is used well and homes can be separated by a good distance if needed. I am assuming that this is private utilities with well and septic tanks. At the end of your comment you asked if there is anything else you should know or need to know? The answer to that question is 100%, absolutely!
You are wanting to sell the mobile home first, then sell the land separately as that will increase the likelihood of selling your property at a greater yield. The property is out in the country, but you are moving into the city for now. You decide to sell the mobile home and have some extra capital on hand when you relocate. But you decide to keep the land for future use. Invest in real estate and never run out of money! Buy, Rehab, Rent, Refinance, Repeat is the five-part BRRRR real estate investing strategy that makes financial freedom more attainable than ever.
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Ft. home myself anymore and the Texas heat is literally killing me. I’ve had my home for sale by owner on Zillow and have had lots of interest and showings. But it seems like here in West Texas, the type of folks who are most interested in my property can’t qualify for a mortgage loan.
I have a doublewide, 28 X 48 in excellent condition (brand new roof, solid steel skirting, painted last year, well-maintained). It’s a Silver Creek home, manufactured in 2000. I’m not sure when it was set up on this property; I’m the second owner. The land is the size of a city lot and the home has city water and sewer.
Mobile Homes with Land – Get your Texas land ready for a new home.
The range is based on the information you provided and our experience selling similar mobile homes in the past. One might think, can I put a mobile home in my backyard and be done with it? Placing your mobile home on your land allows you the freedom of homeownership without spending as much as you would for a site-built home. You cannot, though, place a manufactured home just anywhere. Vacant land will require you to be responsible for permits, zoning compliance, and bringing necessary utilities to the site.
There’s a front porch plus a deck on the back, a fenced backyard plus a smaller picket fence around the front yard, a large storage shed, and a double carport. The neighborhood is in the country, quiet, safe. Mobile homes attached to private land may not be understood or belittled by single-family house investors. Zoning regulations deal with topics like the size and appearance of a mobile home. You’ll probably want to get information on what the zoning regulations are in your area before you even buy your home.
In this book, author and investor David Greene shares the exact systems he used to scale his real estate business from buying two houses per year to buying two houses per month using BRRRR. Wants to rid the park of older homes and that one they were going to scrap. My best bet, I think, is to find investors who would be interested in buying it as a rental but I don’t know how to do that. The home would easily rent for a minimum of $750/month. A nearby single wide without a carport, storage shed, porch or anything is renting for $675. Can you help or point me in the right direction?
Residents would become responsible for running a cooperative, and hiring contractors to maintain the park and collect rent. He said the park has long been dogged by drugs and crime, and he feels the new housing development will be a big improvement. Revere City Councilor Joanne McKenna said multiple residents have asked her for help to stop the displacements and demolitions. But when she learned they had signed papers agreeing to move in exchange for compensation for their trailers, she told them nothing could be done.
To avoid delays, it’s better to consult with your builder about the minimum recommended curing and drying time for a concrete foundation in your area. Once you have acquired your land, it’s time to place your mobile home. We will help you with many considerations when placing your mobile home.
You may also want to talk with the local realtor or perhaps a local mobile home dealer. In fact, you should talk to many mobile home dealers as sometimes landowners will approach mobile home dealerships to let them know they have land new manufactured homeowners. I hope this helps some and point you in the right direction moving forward. If you ever have any follow-up questions never hesitate to reach out anytime.
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