Buying a manufactured home is not a problem. However, finding an affordable private land to put these MH homes on is getting harder as more and more investors are getting into buying land, making the price go up and availability scarce.
I just bought a brand new manufactured home in November and placed it on raw land that needed well,septic and electrical the works. There's a lot more involved than people think, in the end it's an incredible investment and there's nothing like not having neighbors or the restrictions that you have in a large city, but honestly it was stressful and expensive to get everything set up. No regrets but was quite different than the experience when I bought my stick built home.
You did it right you own your land and have no HOA to harass you. Without knowing what the total cost was I can't comment if a mobile home was the way to go but you own your land.
@@stoneyswolf I purchased the land cash a year before I bought the home. I agree I did not want to live on a leased property. I have a 2000 square-foot four bedroom two bath. The total cost of the home including site improvements and utilities was around 170k. I definitely could not have built a traditional home that size for that price, but that does not include the cost of my land. Even with excellent credit, the interest rates were considerably higher for a manufactured home than what I would’ve gotten for a traditional stick built home. I live on 4 acres of unrestricted land , definitely a trade-off the more off the grid you go the more you’re gonna have to spend to get the utilities set up.
@@revilsdr I live in a double-wide on rural property. The biggest maintenance issue I have is rodents. Rats have worked their way into the insulation underneath, and I have found nests there. I also hear them in the walls, but I think that may just be an echo. They also have chewed holes in my PEX lines. Rats and mice are very difficult to control out in the country. I had a trailer full of hay by the barn. It sat there for less than 24 hours before I could unload. As we unloaded, a mouse ran out. Those little suckers can squeeze through the tiniest of holes/cracks where drain pipes or dryer vents are cut into floors. Keep alert for their signs.
@@lynnbetts4332 pest control Is a big problem for any home on rural land you are invading their space. You have to really stay on top of extermination they will definitely come to eat your food, it's way easier than them having to hunt for it.
Inherited raw land and closed on our manufactured home yesterday. They are boasting we could be moved in as little as 3 weeks. To say we're excited is an understatement.
I will admit that growing up, I had a low opinion of mobile homes. That opinion has changed as I’ve gotten older, and the housing market has gotten worse. One person who helped change my mind on them was a coworker who actually helped repair them and improve them. She told me that it is possible to raise the value of a mobile home, if you know what you’re doing.
We just took delivery of our Oak Creek Home. Very well made. I'm still getting everything hooked up. Bought the 5 acres of land 2 years ago way out in the woods. Property had electric , water and even internet. Plus a tiny home. No HOA or county restrictions. We purchased a beautiful 1312 sq ft double wide. $149,000 list price. Got it for $125,000. Delivered, set up tied down to the 34x70x 5" slab we had poured. Plus, home comes with 7 years of warrenty on everything. Plus we paid for it. Its going to be our retirement home.
Potentially helpful news for California home buyers: The chair of the California Senate Housing Committee, Nancy Skinner, has introduced a bill to ban hedge funds and large investment entities from buying single-family homes in California, starting next year. 🎉
How much do you think they are all being paid off by the greedy developers who are ruining our cities? You won't recognize Phoenix now, and politicians are leaving office as millionaires. I see this as a major theft of the people, and a jailable offense...AFTER. we get their money and properties they have been buying with the investors! Anybody??
lived in a 1976 double wide for 20 years. I bought it outright, which is THE ONLY way I suggest you go if you are going to buy a mobile home. It was the cheapest way to live in CA/Sacraento available. Our heat was cheap, the a/c was a bit more in summer, the water was cheap ($9/mo) and the sewage was decent, taxes/licensing was $77/yr. The space rent was the cost. It went up from $410 to $1000. Even at $1000 a month it was still cheaper then renting an apartment or home. BUT, I had constant arguments about the landscaping which I did not plant but had to control. The park was sold three times while I was there and we went through countless managers. when we finally gathered up enough money to leave CA, it took 9mo to sell the mobile because every person that offered to buy (and these were cash offers) had to be background checked by the park. 9 months of paying for an empty home, because the park has an inflated opinion of who should and shouldn't live there. But I did clear the sale eventually and I did not lose money.
The only pitfall is putting your manufactured home in a park w/unstable rent and intrusive rules and regulations; purchase your own parcel of land, and all you will pay is annual property tax.
It's the best option if you wanna get out of the city... I got 10 acres. Did a well, septic, and power, put a 2500 sqft MH on a foundation, converted to real property for 220k.. now worth 480k. As far insurance, tell me what insurance in cheap on anymore. I plan on paying it off in the next couple years. I have had many homes up to million dollar home on a golf course, gated and high hoas in Vegas.. I'm going to tell you this one is one of my most favorite so far in my life.. I have never had peace like I do now. To me that is just about priceless..
Bought a double wide 1983 Champion, 3 bed 2 bath located on five forested acres in rural Oregon about 18 years ago. Our own well and septic. It has 2x6 exterior walls, great insulation, central forced air/heat with a wood stove. Cheap to heat and maintain. We did replace the roof ourselves w/ 50 year architectural style shingles w/ a full neoprene type membrane underlayment. All fastened down with serrated shank, stainless steel nails. Guaranteed no leaks, ever. Separate large two story shop, attached double carport and separate 40 foot RV carport. $165,000. Taxes = $1100 yr., Insurance = $1200 yr. Can't beat it. Current market value, about $275,000.
We own a Mobile manufacturered home in a park but we own the plots and we pay taxes and the insurance is not cheap especially , as it gets older. We have an.HOA unfortunately We weren't told until AFTER we signed the papers
We own a manufacture home it wasn’t advertised as a manufactured home we found out 1 year later. The seems on the wall we were told it wasn’t sheet rocked. We found out wood we tried to nail a photo up the walls were wood
I bought a 95' doublewide in Nov. It is in a park....i am loving it...even playing lot rent, the park is clean and well kept. I don't have to pay thousands in property taxes, and no mortgage. I am very happy!!!!
They're a highly viable housing option. However you need to know what you're getting into or you could get trapped in a tough spot. There's some amazing Manufactured homes out there right now and you can get them way above code for a very affordable price.
I think that any home whether its a manufactured home or stick built home can be a money pitt. LOL But if you are going to live in a money pitt, just do a manufactured home cause it least it is a cheaper money pitt. LOL I've been thinking about getting one on some land. I have a stick built right now. So hopefully I can sell it and get enough equity where I won't have to worry about getting a loan for a manufactured home. I love your videos about manufactured homes. I've learned a lot.
I just bought a small trailer in a park. It's a small park and most of the permanent trailers have been there many years with things built on (mind has a permanent screened in porch). They have about half 'empty' spots for the RVs that come for different seasons and they have to pay higher lot rents. This was such a cheap deal that if something happened, and I was either priced out or had to do some weird modification, I could just destroy it and walk away. I mean it was really cheap. The lady selling it to me just wanted out so she could move back up north.
We just bought a manufactured home as an ADU for my son and daughter-in-law. We are in California and for a young couple starting out, they couldn't even find an apartment with rent they could afford. We have 2½ acres and they came to me and pitched the idea of adding a manufactured home to our property. I liked the idea and they pay us the loan amount for the house. Yes, all the costs she addresses were there and fortunately we got a seller who was very up front with us about all these costs, so we were prepared. The hardest part, because we live on the very edge of Los Angeles county, is working with LA counties permitting office. It took us 1½ years to get the permits, and LA County will put you through the hoops. If we had thought about it we would have bought land 2 miles down the road and been out of LA County. However, we built our home 20 some years ago, went through the same permitting process back then. Overall the manufactured home is far less money.
I live in a co-op of manufactured homes. A few are on the market right now for around $400,000. Wide range of old and new and the community is well taken care of. It is about location in regards to appreciation. I bought into the community last year and found no one would offer financing for an existing home on rented land, which is the headwind in selling. New homes are easier to get financing for. Still worth getting manufactured home, but research the builder as not all do high quality work.
Mobile homes are not a good idea for a novice especially if you’re short of funds, which was the type of customer it was supposed to cater to. It’s a huge financial risk. The less risky option is buying a decently maintained starter home in an average neighborhood in a cheaper state. Then do the property ladder.
I think all the zoning restrictions on Mobile Homes should be removed in all states. The bans against MH are due to owners of stick built not wanting ‘trailers’ near them. In fact these are homes and should be allowed just like stick built. Towns object due to the much lower property taxes (not considered Real Estate) but the cities/towns/states have done absolutely nothing to bring in truly affordable housing for the majority of people. it is long overdue!
In my opinion, the older mobile homes are money pits, especially when they're in a corporate owned park. There are a lot of so-called handymen out there who will do shoddy repairs, even when you get the reference from a park mgr. They can often have hidden mold problems too. Once you get a roof leak, the water disintegrates the floors. Buyers Beware!
I think it's laughable when people saying something won't appreciate (especially a manufactured home). These are the same people who have been living in apartments for 20+ years paying someone else's mortgage. You really have to ignore naysayers.
I lived several years in a “trailer” when a kid and liked it. First it was on a ranch and later in trailer parks. The only negative I remember is I couldn’t practice my trumpet playing because of noise complaints. That said I wouldn’t do it now with evil greedy corporations buying up all the affordable trailer parks.
My double wide is a 2015, has all the upgrades and we got it brand new on undeveloped land (2 acres) and it was the biggest mistake we ever made. We have almost no neighbors, so it isn’t an issue. But we had to prep the land and it still had to be elevated 5 feet high because of the flood zone, even though it has never had sitting water around. We have had 4 insurance companies because they continue to drop it and we can’t make any claims because we don’t know who picked us up. The place we purchased it with hired a crew that did not connect it correctly and we have had water coming out of our recess lighting. Sitting on the front porch at night, you can see through the exterior wall in the master bedroom and see the light fixture. Every sink but 1 have had the pipes leak and the water damage is overwhelming. The roof leaked and we had no idea until the ceiling collapsed in a closet. So I will be the one to say, once you figure in the repairs and maintenance, just buy a house and avoid the stress
We purchased a piece of land which we are currently looking to develop for a vacation home/Airbnb. We are considering a mobile home. When I found out by looking at mobile homes is if you order it, not built on the steel frame, traditional framing, it now becomes a modular home. Resell is worth a lot more. However, the cost of putting it in place on the foundation Greatly increases because now you need a crane instead of just wheeling it in!
As long as one of those greedy companies don't move in and make the cost $1000 a month. That's the problem with those parks are that the residents that live there have been happy living there for 30 years and loving it. Then these scumbags come in and destroy their lives. I hope that doesn't happen in your park. Maybe you will be one of the lucky ones. But I would make sure that I had a plan just in case.
I agree with you. It's better than these stick built cookie cutter homes that are 2 inches from each other where you feel like you live in an apartment. Even half an acre of land would be perfect enough for me. At least I'd have my space and own everything. That's my dream.
I hate living in a park. Space rent goes up each year. You have so many rules. It’s not your home, it’s theirs! You just paid for it for them. Neighbors are so close and no privacy.
San Jose Re zoned mobile home parks to MHP. That’s because hedge funds came in and bought our cherished Winchester estates senior mobile park. All those seniors were forced to sell and lost the homes they had planned to live in until they pass away. The fund built a mega story huge apartment project of luxury apartments all jam packed in. All those seniors spent the little money they got on renting and now as rents are insanely high, they are broke and some are now homeless. So San Jose made it hard to develop them as mhp designations require intense reports, traffic, environment impact reports and the residents are given first chance to buy the park together. Also San Jose has rent control that applies now to mobile home parks. Or buy into a resident owned park.
Listening to you explains everything about manufactured homes I want to get one !!! I thought I would never own my home cause I lived in California for 43 years and I recently moved to Florida and I want to buy a manufactured home they are build so different than before so thank you for all the input !!!miriam Montaño
Just started looking at them recently and like many others here, I too had a stigma towards them thinking of the stereotypes from the movies until I actually saw how nice they are. However, here in Bay Area, CA I looked around for pad rent on most parks in my area and they're asking $1K - $1.5K in most cases...say I want to buy a decently nice newer used m-home that's walk in ready, you're looking at $300-400K (mortgage of $2K - $2.5K) So now you're looking at $3K - $4K a month Before insurance, utilities, HOA (maybe) and general living expenses. Now it's not so realistic...it's far too expensive in the Bay Area, it's ridiculous. My family bought the house we live in back in the late 90's when it was $250K, now it's worth over $1.6M - it's practically impossible to buy a home unless it's a dual income family making at least 6-figures. It's ridiculous.
My mom is now buying more mobile homes w/ rights to the land because they are cheaper, can get the same rent as a small house, property taxes are lower, and home insurance is dirt cheap. Granted these purchases are in areas that dont have severe weather anomalies.
Because I watch these videos I get recommend videos by those guys that your manufactured homes and sometimes show us the costs. I also get homesteader videos with horror stories involving their mobile home delivery and set up.
Well, regular stick built homes have their issues also. A girl that I work with just moved into a brand new home that's over 500k and she had to stay in a hotel for a week cause there was problems with the plumbing. Can you imagine paying over 500k on a brand new home in a really nice area of town and the plumbing is having issues?? I think moving is a nightmare no matter what kind of home you buy.
Been looking at modular homes as a good alternative for my daughter, who otherwise she will never be able to own a house at this point. Not as crazy about the building standards for manufactured homes. We are looking at land currently. But we're hoping to find a plot of land that has the electricity already as well as the well and septic. Looking forward to your upcoming video on the new company Zenni. I went through their website and sent it to my daughter. And she really likes the designs and so do I. The studio is too small, so the next up is the citizen and it's very well thought out.
You only need a well. It is 2024. You can EASILY have her with zero electric bill her entire life if you go off grid and solar immediately. It will cost less than 15k all in on a solar system for her size. You can add on EASILY AND add a generator
Kristina has GREAT INFO. re: Manufactured home/ land buying . Get a notebook and start doing your To-Do Lists. It won't happen overnight (if it does your doing something wrong) But it WILL Happen if you start and follow through. 😉 Keep your eyes on the prize.
In San Diego houses cost @1 million. Apartments go for @ 1500/mo. Condos go for @ 330000. I got a manufactured home AND the land for $249000 and the hoa is $165/mo. Paid cash for the home and land under it so no mortgage. Fixed income. I can park next to the home and it's covered.
I love your videos! They are so informative and helpful. I think we’re neighbors here in SELA and I’m saving up for my first home! Keep up the awesome content. I feel so much more informed and prepared to navigate the home buying process. 😊
Love my manufactured home. It's on my own property. I could never afford a house in this area, that is highly sought after, we have almost 2 acres, privacy and my kids are safe. Before buying a property hire a specialized lawyer firm that does a title search on the property, to ensure that it's all kosher. We made a small down payment on our brand new home, after that we received all the building plans etc for the township to review and approve. We would have gotten the down payment back if they would have refused our permits. My advice: do your research!! be as informed as possible, read ALL the fine print in the contracts and ask questions if something is unclear. We have a beautiful brand new home with high energy windows, top notch insulation, very efficient heating system, and it perfectly suits our family with2 kids.
By the way, I really liked this video. I like how accurate and concise you are and your speaking rate such that you dont drag the video along like many people do. New subscriber now!
In 1996 we bought a cute little 2yr old mobile home (2BR/1BA; 14’x60’) in a decent trailer park with a communal swimming pool for only $12.5k & lot rent was only $50 including water, sewer & sanitation. It served us well for 8yrs until we became debt free & had a down payment saved up for a stick built house which we are still living in today. We cash flowed all repairs & upgrades, plus had it totally paid off in 14yrs thanks to following the advice of Dave Ramsey. At the time of each purchase however, it was the largest amount of money we’d ever borrowed & I was scared to death. Then I saw an HGTV house hunters program where a realtor advised her clients with this gem “no matter how much you pay today, 10 yrs from now it’ll seem cheap”!
Great video! I do want a tiny home when I retire and the information that you provided here is pretty much what I am learning. It's doable, but you HAVE to do your homework! Love your content. ❤
It just depends on the state. Not a problem at all and the best solution is to go movable and small footprint. Pay the money on a very nice enclosed deck
I noticed you said there are no property taxes for manufactured houses but I read that in California we pay the same kind of property taxes as we would on regular houses. On Redhill, also, the mobile homes in mobile parks list their property tax amount. Can you clarify?
18+ years in one, now in the "near retirement" age. As a BONUS for us, the county considers it a depreciating asset AND our PROPERTY TAX(aka RENT FOREVER) has gone WAY down. Our current monthly property tax blll(total bill / 12) is about $110/month. I've friends with the sticks and bricks homes that get hit for thousands or tens of thousands every year, forever. Some don't understand this angle until we compare yearly property tax bills.
Renting a spot in a trailer park is the worst thing a person could do as far as housing costs or from an investment perspective. The only way a manufactured home would be worth it is if you are in your late 60s or up and you are putting it on your own land and are positive that you will never move or sell.
I retired to Florida, found an almost new 1,000 sq ft mobile home for $14,000 in a park. Bought it, lived there for 10 years and sold it for $14,500. So if you’re careful and start looking early, you can do well with a mobile home.
As far as manufactured home being money pit's it can go both way's because as you said It All depends on how old the manufactured home is and how well it was maintained if it's an older then chances are it will need to put some money into it or you could get lucky and get one that was well maintained and doesn't need a lot of money. All it could needs is for a buyer to make it their home
I consider renting as paying for a services and a piece of mind for 15 months (leasing period). I feel bad for my coworkers rushing home to deal with their roof repairs or basement flooding. All I need to do is call the maintenance guys or request to move to a different unit
They are a great home we bought our cavco durango 2024 single wide 56× 16 for 104 k and the rest of your numbers are fairly accurate,at 148 k set up and the land 1/4 acre for 20 k here in AZ was a good deal,and we have 9 ft ceilings and stainless steel appliances, we got ours from Mohave homes in Golden Valley AZ,call Jessica she was awesome to work with,😊
Florida Man here. The biggest thing to watch out for is how much higher the lot rents are increasing when buying an existing home. We've had 50-100% lot rents increases which hit you hard, especially on a fixed income.
One of the biggest problems of manufactured homes is that so many areas do not allow them. If your area does not allow manufactured homes do not bother looking at property there. And so often the land is available either does not have power or you can't dig a well. So now you are dependent on water.Water from the city or from hauling it in. Count the cost before you get excited at the mobile home dealer.
I am in the process of buying a new MH and land in the state of MO. Yes, I agree with you regarding finding a lender, TOUGH! My raw land purchase is a totally wooded, 1 acre parcel with water, sewer, and electric run to the line. I have checked with FEMA and land is NOT in a flood plain. Is there anything else you would recommend I do regarding the land purchase which I haven't done like getting it surveyed, which you would recommend? THANK YOU for sharing your expertise!! Bill PS. I am a subscriber and always "thumbs up".
Speculative capital truly is the worst thing to ever happen to housing. It's not like 'investors' are diving in to be service providers, they're diving in to scalp the market.
The term "Affordable Housing" has truly lost its meaning when it comes to owning manufactured homes in parks and private land as lot rentals continue to go up, as well as the price of raw land that are typically zoned for residence/agricultural and their availability, respectively. Unless, as one commenter said in an earlier post I had made, the land "is...50 miles from the nearest store and ...raw," manufactured home owners/buyers are really getting kicked in the corner by the government and "Wall Street investors" on where to find "Affordable Housing" these days--- which sadly and literally means way out in the woods.
Made 50000 in 5 weeks on my last double wide, had a real garage with bedroom behind, above was 2 bedrooms upstairs built connected to double wide. 5 bedrooms.
Remember if the land the home sits on is rented, the terms of a loan for a manu home will be higher and the ability to refinance that home in the future is highly unlikely
Great tips! National trends and stigmas dont apply here in SoCal. Buying land and a ManuHome is a good option considering the median home prices are almost 800K here in San Diego. I may consider it this summer. "Like"
First why live in a park Buy your land Second don’t live around neighbors. Live out of towns no permits needed etc . At least here . Our 10 acres with our manufactured home is worth 400k+ We added a cement drive a in ground pool Rain catching water system A barn a garage A ornamental pond Landscaping etc
ONLY if you own your own land. BUY LAND or SHARE LAND and PASS THE LAND DOWN TO FAMILY. DO YOUR HOMEWORK. Make sure you get ALL the info. and when you find a proper fit. GO FOR IT!! MAKE SURE to get TITLE INSURANCE ‼️‼️📢💯📢💯 There are many good videos such as this one. (Quite a few very good ones here)‼️ My opinion....I would not want a M Home In Environmental Crisis prone areas. NO WAY. Hurricane straps or not. BUT there are many areas where I would. If you can buy Land and can wait a year....you can use your Land as a down payment and Roll it in with NEW home and Construction loan together for what you can afford. GOOD LUCK... YOU CAN DO IT ‼️ 💯 💯💯💯📢
Great vlog! I appreciate all you do❤Great wealth of information. I know this is about manufactured homes & yes I’d live in one. It bothers me to hear people label others as trashy. They are actually smart in my opinion to choose manufactured. I wanted to buy a TinyHome at one point but ended up buying a condo. (I’m the not so smart one, LOL😂but I do think I made a quick decision, went over my budget and higher interest rate). Although, I love it, close to family. However, if Va ever becomes tiny friendly I’d downsize in a heartbeat. Thank you for all you do!!
I found something new (about manufactured homes in my area) that I haven’t seen before & wondered if Ms Smallhorn had seen any trends. I pass by a MH park on my way to work & noticed them putting in quite a few new mobile homes. I looked them up & found that they had bought about 20 new mobile homes & are renting them out. Not the tradition lot rent senario for your own mobile home - but renting the mobile home with the lot. It’s an older park & taking out a lot of the older homes in the park & putting in new ones. I’m just wondering if there are any pitfalls to be aware of? I am just so tired of apartments & this place is closer to my job. I would have a lot more space in a 2/2 MH, compared to my 1 br apartment, for just a little more than I’m paying for my 1br.
We were lucky. Established property 300 feet off city boundry. Mineral rights. Home welded to basement foundation. Refinanced as real. 6 acres. Retired from a more expensive state. USAA.
You didn't talk near enough about CO-OP parks. A national organization called ROC, (resident owned community) helped us work out the purchase, guiding us to financing and several government grants. Our lot rent will never be for profit, only for expenses.
Here's one for you. Mobile homes and tiny homes on wheels are assessed property rax in Tennessee now, even if they are renting a lot. I think it's a fairly new law.
Viable, but codes and laws need to be updated to accommodate. I would think another practical solution would either be to buy property that already has a mobile home on it and either sell it or have it moved and place a newer one on it. Perhaps that could be done even with a dilapidated house that already has electricity, water, and sewer, and all you have to do is demolish the home and then put a mobile home on it. I don't see why that couldn't work.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
Do you plan to buy a manufactured home this year? *Too watch more about manufactured home buying th-cam.com/video/uPMaOQ7lxCE/w-d-xo.html*
Buying a manufactured home is not a problem. However, finding an affordable private land to put these MH homes on is getting harder as more and more investors are getting into buying land, making the price go up and availability scarce.
Tax land not property eg land value tax
This is the problem my husband and I are having. Land is too high.
My hubby and I have been searching for land for 2 months now and it's absurd how much it cost.
@@lashunlen Yeah, the only way that you get affordable land is if it's 50 miles from the nearest store and it's raw.
@@vickieclark5931 true....we found some an hour away from the city but I don't want to drive that far to work daily
I just bought a brand new manufactured home in November and placed it on raw land that needed well,septic and electrical the works. There's a lot more involved than people think, in the end it's an incredible investment and there's nothing like not having neighbors or the restrictions that you have in a large city, but honestly it was stressful and expensive to get everything set up. No regrets but was quite different than the experience when I bought my stick built home.
You did it right you own your land and have no HOA to harass you. Without knowing what the total cost was I can't comment if a mobile home was the way to go but you own your land.
@@stoneyswolf I purchased the land cash a year before I bought the home. I agree I did not want to live on a leased property. I have a 2000 square-foot four bedroom two bath. The total cost of the home including site improvements and utilities was around 170k. I definitely could not have built a traditional home that size for that price, but that does not include the cost of my land. Even with excellent credit, the interest rates were considerably higher for a manufactured home than what I would’ve gotten for a traditional stick built home. I live on 4 acres of unrestricted land , definitely a trade-off the more off the grid you go the more you’re gonna have to spend to get the utilities set up.
@@revilsdr I live in a double-wide on rural property. The biggest maintenance issue I have is rodents. Rats have worked their way into the insulation underneath, and I have found nests there. I also hear them in the walls, but I think that may just be an echo. They also have chewed holes in my PEX lines. Rats and mice are very difficult to control out in the country. I had a trailer full of hay by the barn. It sat there for less than 24 hours before I could unload. As we unloaded, a mouse ran out. Those little suckers can squeeze through the tiniest of holes/cracks where drain pipes or dryer vents are cut into floors. Keep alert for their signs.
@@lynnbetts4332 pest control Is a big problem for any home on rural land you are invading their space. You have to really stay on top of extermination they will definitely come to eat your food, it's way easier than them having to hunt for it.
Inherited raw land and closed on our manufactured home yesterday. They are boasting we could be moved in as little as 3 weeks. To say we're excited is an understatement.
Was it really 3 weeks?
Nice!
Was it really 3 weeks ? Nation wants to know !
She still waitin@@amarsinghhembram4379
I will admit that growing up, I had a low opinion of mobile homes. That opinion has changed as I’ve gotten older, and the housing market has gotten worse. One person who helped change my mind on them was a coworker who actually helped repair them and improve them. She told me that it is possible to raise the value of a mobile home, if you know what you’re doing.
We just took delivery of our Oak Creek Home. Very well made. I'm still getting everything hooked up. Bought the 5 acres of land 2 years ago way out in the woods. Property had electric , water and even internet. Plus a tiny home. No HOA or county restrictions. We purchased a beautiful 1312 sq ft double wide. $149,000 list price. Got it for $125,000. Delivered, set up tied down to the 34x70x 5" slab we had poured. Plus, home comes with 7 years of warrenty on everything. Plus we paid for it. Its going to be our retirement home.
I would demolish the home if I couldn't move it. These developers don't want an empty lot they want to make money off your house.
Those who can't move it, they sell it. So, you do mean this is what you'd do if you can't sell it?
Potentially helpful news for California home buyers: The chair of the California Senate Housing Committee, Nancy Skinner, has introduced a bill to ban hedge funds and large investment entities from buying single-family homes in California, starting next year. 🎉
That’s awesome news. I’ll have to look her up and see what I can do to support this legislation
Too little,too late.
It will never go thru! They won’t pass a bill like that, just watch!
How much do you think they are all being paid off by the greedy developers who are ruining our cities? You won't recognize Phoenix now, and politicians are leaving office as millionaires. I see this as a major theft of the people, and a jailable offense...AFTER. we get their money and properties they have been buying with the investors!
Anybody??
That would be the smartest move the California government has made in decades.
lived in a 1976 double wide for 20 years. I bought it outright, which is THE ONLY way I suggest you go if you are going to buy a mobile home. It was the cheapest way to live in CA/Sacraento available. Our heat was cheap, the a/c was a bit more in summer, the water was cheap ($9/mo) and the sewage was decent, taxes/licensing was $77/yr. The space rent was the cost. It went up from $410 to $1000. Even at $1000 a month it was still cheaper then renting an apartment or home. BUT, I had constant arguments about the landscaping which I did not plant but had to control. The park was sold three times while I was there and we went through countless managers. when we finally gathered up enough money to leave CA, it took 9mo to sell the mobile because every person that offered to buy (and these were cash offers) had to be background checked by the park. 9 months of paying for an empty home, because the park has an inflated opinion of who should and shouldn't live there. But I did clear the sale eventually and I did not lose money.
Too bad the residents couldn’t have bought the park.
The only pitfall is putting your manufactured home in a park w/unstable rent and intrusive rules and regulations; purchase your own parcel of land, and all you will pay is annual property tax.
How wouldvyou skip having to set up and pay monthly utilities incl higher insurance?
It's the best option if you wanna get out of the city... I got 10 acres. Did a well, septic, and power, put a 2500 sqft MH on a foundation, converted to real property for 220k.. now worth 480k.
As far insurance, tell me what insurance in cheap on anymore. I plan on paying it off in the next couple years. I have had many homes up to million dollar home on a golf course, gated and high hoas in Vegas.. I'm going to tell you this one is one of my most favorite so far in my life.. I have never had peace like I do now. To me that is just about priceless..
Hey, would like to learn and share more on this. Can we connect?
What about internet connection?
I’ve heard people say that thr insurance alone makes it not worth it. What do you pay on insurance if you don’t mind?
@@jesselle_ liking to hear the response when and if this person responds. Thanks for asking!
Bought a double wide 1983 Champion, 3 bed 2 bath located on five forested acres in rural Oregon about 18 years ago. Our own well and septic. It has 2x6 exterior walls, great insulation, central forced air/heat with a wood stove. Cheap to heat and maintain. We did replace the roof ourselves w/ 50 year architectural style shingles w/ a full neoprene type membrane underlayment. All fastened down with serrated shank, stainless steel nails. Guaranteed no leaks, ever. Separate large two story shop, attached double carport and separate 40 foot RV carport. $165,000. Taxes = $1100 yr., Insurance = $1200 yr. Can't beat it. Current market value, about $275,000.
We own a Mobile manufacturered home in a park but we own the plots and we pay taxes and the insurance is not cheap especially , as it gets older. We have an.HOA unfortunately We weren't told until AFTER we signed the papers
That may not be legal!
We own a manufacture home it wasn’t advertised as a manufactured home we found out 1 year later. The seems on the wall we were told it wasn’t sheet rocked. We found out wood we tried to nail a photo up the walls were wood
Research! If no property tax (or tax is just for land, no improvements) = mobile home.
@@maryrenaud6732a home is a home, what's the difference if manufacturerd? Should have prop tax
Bad realtor. They have an obligation to provide you with HOA rules within a certain amount of hours. It could vary from state to state.
I bought a 95' doublewide in Nov. It is in a park....i am loving it...even playing lot rent, the park is clean and well kept. I don't have to pay thousands in property taxes, and no mortgage. I am very happy!!!!
They're a highly viable housing option. However you need to know what you're getting into or you could get trapped in a tough spot. There's some amazing Manufactured homes out there right now and you can get them way above code for a very affordable price.
I gave up on manufactured homes. I found talking to zoning to be worthless as they still think of a man home as a 70's metal trailor.
I'm actually doing a house and land combo with a manufactured home; I can't wait to get into it!
Wow you explained this so well, concisely, and in laymen’s terms. Yessssss. Keep up the great work 🎉!
I think that any home whether its a manufactured home or stick built home can be a money pitt. LOL But if you are going to live in a money pitt, just do a manufactured home cause it least it is a cheaper money pitt. LOL I've been thinking about getting one on some land. I have a stick built right now. So hopefully I can sell it and get enough equity where I won't have to worry about getting a loan for a manufactured home. I love your videos about manufactured homes. I've learned a lot.
I just bought a small trailer in a park. It's a small park and most of the permanent trailers have been there many years with things built on (mind has a permanent screened in porch). They have about half 'empty' spots for the RVs that come for different seasons and they have to pay higher lot rents. This was such a cheap deal that if something happened, and I was either priced out or had to do some weird modification, I could just destroy it and walk away. I mean it was really cheap. The lady selling it to me just wanted out so she could move back up north.
Glad you got a good deal!!
We just bought a manufactured home as an ADU for my son and daughter-in-law. We are in California and for a young couple starting out, they couldn't even find an apartment with rent they could afford. We have 2½ acres and they came to me and pitched the idea of adding a manufactured home to our property. I liked the idea and they pay us the loan amount for the house. Yes, all the costs she addresses were there and fortunately we got a seller who was very up front with us about all these costs, so we were prepared. The hardest part, because we live on the very edge of Los Angeles county, is working with LA counties permitting office. It took us 1½ years to get the permits, and LA County will put you through the hoops. If we had thought about it we would have bought land 2 miles down the road and been out of LA County. However, we built our home 20 some years ago, went through the same permitting process back then. Overall the manufactured home is far less money.
I live in a co-op of manufactured homes. A few are on the market right now for around $400,000. Wide range of old and new and the community is well taken care of. It is about location in regards to appreciation. I bought into the community last year and found no one would offer financing for an existing home on rented land, which is the headwind in selling. New homes are easier to get financing for. Still worth getting manufactured home, but research the builder as not all do high quality work.
Mobile homes are not a good idea for a novice especially if you’re short of funds, which was the type of customer it was supposed to cater to. It’s a huge financial risk. The less risky option is buying a decently maintained starter home in an average
neighborhood in a cheaper state. Then do the property ladder.
I think all the zoning restrictions on Mobile Homes should be removed in all states. The bans against MH are due to owners of stick built not wanting ‘trailers’ near them. In fact these are homes and should be allowed just like stick built. Towns object due to the much lower property taxes (not considered Real Estate) but the cities/towns/states have done absolutely nothing to bring in truly affordable housing for the majority of people. it is long overdue!
In my opinion, the older mobile homes are money pits, especially when they're in a corporate owned park. There are a lot of so-called handymen out there who will do shoddy repairs, even when you get the reference from a park mgr. They can often have hidden mold problems too. Once you get a roof leak, the water disintegrates the floors. Buyers Beware!
I think it's laughable when people saying something won't appreciate (especially a manufactured home). These are the same people who have been living in apartments for 20+ years paying someone else's mortgage. You really have to ignore naysayers.
You just gotta do what's best for you, hopefully after informing oneself. Nobody knows that you need and what your situation is better than you.
I lived several years in a “trailer” when a kid and liked it. First it was on a ranch and later in trailer parks. The only negative I remember is I couldn’t practice my trumpet playing because of noise complaints. That said I wouldn’t do it now with evil greedy corporations buying up all the affordable trailer parks.
My double wide is a 2015, has all the upgrades and we got it brand new on undeveloped land (2 acres) and it was the biggest mistake we ever made. We have almost no neighbors, so it isn’t an issue. But we had to prep the land and it still had to be elevated 5 feet high because of the flood zone, even though it has never had sitting water around. We have had 4 insurance companies because they continue to drop it and we can’t make any claims because we don’t know who picked us up. The place we purchased it with hired a crew that did not connect it correctly and we have had water coming out of our recess lighting. Sitting on the front porch at night, you can see through the exterior wall in the master bedroom and see the light fixture. Every sink but 1 have had the pipes leak and the water damage is overwhelming. The roof leaked and we had no idea until the ceiling collapsed in a closet. So I will be the one to say, once you figure in the repairs and maintenance, just buy a house and avoid the stress
We purchased a piece of land which we are currently looking to develop for a vacation home/Airbnb. We are considering a mobile home. When I found out by looking at mobile homes is if you order it, not built on the steel frame, traditional framing, it now becomes a modular home. Resell is worth a lot more. However, the cost of putting it in place on the foundation Greatly increases because now you need a crane instead of just wheeling it in!
Always make a home so you can move it if possible.
The fact that some cities won't even allow for modular homes...the homes that look just like a regular standard brick home.
Good thing I bought a townhomw 6 years ago, with no HOA!
A townhouse with no HOA is very difficult to find. Congratulations!!
Never seen a townhouse without a hoa especially in Florida
@@bettyb1581 I am new mexico
I wouldn't pay all of that money to own something attached to other people unless it's a vacation property.
@@cfoster6804 well worth it to me to become a home owner!
I bought a park model in 55+ park, rent is about $489 a month with lots of amenities, loving my time here.
As long as one of those greedy companies don't move in and make the cost $1000 a month. That's the problem with those parks are that the residents that live there have been happy living there for 30 years and loving it. Then these scumbags come in and destroy their lives. I hope that doesn't happen in your park. Maybe you will be one of the lucky ones. But I would make sure that I had a plan just in case.
Hello, would like to learn more about how MH in parks and rent, all plays out. Can we connect
Just starting to build a cavalier modular. 2200 sq ft... Not junk at all!
I bought an older dbl wide. In trailer park. Refinished it. And mad some decent money. Would never live in a park again
I would gladly live in a mobile home on about an acre
I agree with you. It's better than these stick built cookie cutter homes that are 2 inches from each other where you feel like you live in an apartment. Even half an acre of land would be perfect enough for me. At least I'd have my space and own everything. That's my dream.
I hate living in a park. Space rent goes up each year. You have so many rules. It’s not your home, it’s theirs! You just paid for it for them. Neighbors are so close and no privacy.
San Jose Re zoned mobile home parks to MHP. That’s because hedge funds came in and bought our cherished Winchester estates senior mobile park. All those seniors were forced to sell and lost the homes they had planned to live in until they pass away. The fund built a mega story huge apartment project of luxury apartments all jam packed in. All those seniors spent the little money they got on renting and now as rents are insanely high, they are broke and some are now homeless. So San Jose made it hard to develop them as mhp designations require intense reports, traffic, environment impact reports and the residents are given first chance to buy the park together. Also San Jose has rent control that applies now to mobile home parks. Or buy into a resident owned park.
Listening to you explains everything about manufactured homes I want to get one !!! I thought I would never own my home cause I lived in California for 43 years and I recently moved to Florida and I want to buy a manufactured home they are build so different than before so thank you for all the input !!!miriam Montaño
They are actually still building small 3 or 2 bed homes affordable at least all throughout the east coast for 2-400k
Didn't Allstate and State Farm already go through some policy violation litigations from some hurricanes in the southern states some years back???
Just started looking at them recently and like many others here, I too had a stigma towards them thinking of the stereotypes from the movies until I actually saw how nice they are. However, here in Bay Area, CA I looked around for pad rent on most parks in my area and they're asking $1K - $1.5K in most cases...say I want to buy a decently nice newer used m-home that's walk in ready, you're looking at $300-400K (mortgage of $2K - $2.5K)
So now you're looking at $3K - $4K a month Before insurance, utilities, HOA (maybe) and general living expenses. Now it's not so realistic...it's far too expensive in the Bay Area, it's ridiculous. My family bought the house we live in back in the late 90's when it was $250K, now it's worth over $1.6M - it's practically impossible to buy a home unless it's a dual income family making at least 6-figures. It's ridiculous.
My mom is now buying more mobile homes w/ rights to the land because they are cheaper, can get the same rent as a small house, property taxes are lower, and home insurance is dirt cheap. Granted these purchases are in areas that dont have severe weather anomalies.
Where are you that the insurance on a mobile home is dirt cheap? It seems that might actually be one of the largest costs
Thank you kindly for all this information! I truly appreciate your time.
Because I watch these videos I get recommend videos by those guys that your manufactured homes and sometimes show us the costs.
I also get homesteader videos with horror stories involving their mobile home delivery and set up.
Can you share with me the name of those channels? That sounds interesting.
Well, regular stick built homes have their issues also. A girl that I work with just moved into a brand new home that's over 500k and she had to stay in a hotel for a week cause there was problems with the plumbing. Can you imagine paying over 500k on a brand new home in a really nice area of town and the plumbing is having issues?? I think moving is a nightmare no matter what kind of home you buy.
Chances home world is one, another is Nates homes.
Really helpful seeing the set up fee. thank you so much.
Buying a Clayton. I own the land. Town council approved it tonight. I already payed for all utilities.
Been looking at modular homes as a good alternative for my daughter, who otherwise she will never be able to own a house at this point. Not as crazy about the building standards for manufactured homes. We are looking at land currently. But we're hoping to find a plot of land that has the electricity already as well as the well and septic. Looking forward to your upcoming video on the new company Zenni. I went through their website and sent it to my daughter. And she really likes the designs and so do I. The studio is too small, so the next up is the citizen and it's very well thought out.
You only need a well. It is 2024. You can EASILY have her with zero electric bill her entire life if you go off grid and solar immediately. It will cost less than 15k all in on a solar system for her size. You can add on EASILY AND add a generator
Some states have laws that will not allow a pre 1976 mobile to be moved.
Florida is one of them.
Kristina has GREAT INFO. re: Manufactured home/ land buying . Get a notebook and start doing your To-Do Lists.
It won't happen overnight (if it does your doing something wrong)
But it WILL Happen if you start and follow through. 😉 Keep your eyes on the prize.
Thank you for the great information!!!
In San Diego houses cost @1 million. Apartments go for @ 1500/mo. Condos go for @ 330000. I got a manufactured home AND the land for $249000 and the hoa is $165/mo. Paid cash for the home and land under it so no mortgage. Fixed income. I can park next to the home and it's covered.
Anything with hoa and renting of land means better off renting a doing van life
I love your videos! They are so informative and helpful. I think we’re neighbors here in SELA and I’m saving up for my first home! Keep up the awesome content. I feel so much more informed and prepared to navigate the home buying process. 😊
Love my manufactured home. It's on my own property. I could never afford a house in this area, that is highly sought after, we have almost 2 acres, privacy and my kids are safe.
Before buying a property hire a specialized lawyer firm that does a title search on the property, to ensure that it's all kosher.
We made a small down payment on our brand new home, after that we received all the building plans etc for the township to review and approve. We would have gotten the down payment back if they would have refused our permits.
My advice: do your research!! be as informed as possible, read ALL the fine print in the contracts and ask questions if something is unclear.
We have a beautiful brand new home with high energy windows, top notch insulation, very efficient heating system, and it perfectly suits our family with2 kids.
True, there are no property taxes, but there ARE personal property taxes where i live. About the same either way.
By the way, I really liked this video. I like how accurate and concise you are and your speaking rate such that you dont drag the video along like many people do. New subscriber now!
Great information! Keep these type videos going. Very helpful to so many!😮
In 1996 we bought a cute little 2yr old mobile home (2BR/1BA; 14’x60’) in a decent trailer park with a communal swimming pool for only $12.5k & lot rent was only $50 including water, sewer & sanitation.
It served us well for 8yrs until we became debt free & had a down payment saved up for a stick built house which we are still living in today. We cash flowed all repairs & upgrades, plus had it totally paid off in 14yrs thanks to following the advice of Dave Ramsey.
At the time of each purchase however, it was the largest amount of money we’d ever borrowed & I was scared to death.
Then I saw an HGTV house hunters program where a realtor advised her clients with this gem “no matter how much you pay today, 10 yrs from now it’ll seem cheap”!
Great video! I do want a tiny home when I retire and the information that you provided here is pretty much what I am learning. It's doable, but you HAVE to do your homework! Love your content. ❤
It just depends on the state. Not a problem at all and the best solution is to go movable and small footprint. Pay the money on a very nice enclosed deck
I put a 3000 square foot on my land, 30 acres in northern California. In total 16 years ago it ran me 160k and now it's valued at 900k.
I noticed you said there are no property taxes for manufactured houses but I read that in California we pay the same kind of property taxes as we would on regular houses. On Redhill, also, the mobile homes in mobile parks list their property tax amount. Can you clarify?
Would you suggest finding a piece of land and preparing it first before finding a home. That way you not doing Both at the same time
18+ years in one, now in the "near retirement" age. As a BONUS for us, the county considers it a depreciating asset AND our PROPERTY TAX(aka RENT FOREVER) has gone WAY down. Our current monthly property tax blll(total bill / 12) is about $110/month.
I've friends with the sticks and bricks homes that get hit for thousands or tens of thousands every year, forever.
Some don't understand this angle until we compare yearly property tax bills.
Boom!!
Renting a spot in a trailer park is the worst thing a person could do as far as housing costs or from an investment perspective. The only way a manufactured home would be worth it is if you are in your late 60s or up and you are putting it on your own land and are positive that you will never move or sell.
This was really informative and helpful. Thank you!!!
I retired to Florida, found an almost new 1,000 sq ft mobile home for $14,000 in a park. Bought it, lived there for 10 years and sold it for $14,500. So if you’re careful and start looking early, you can do well with a mobile home.
They are viable and help with the housing crisis however, research and due diligence are your best friends!!
As far as manufactured home being money pit's it can go both way's because as you said It All depends on how old the manufactured home is and how well it was maintained if it's an older then chances are it will need to put some money into it or you could get lucky and get one that was well maintained and doesn't need a lot of money. All it could needs is for a buyer to make it their home
I consider renting as paying for a services and a piece of mind for 15 months (leasing period). I feel bad for my coworkers rushing home to deal with their roof repairs or basement flooding. All I need to do is call the maintenance guys or request to move to a different unit
That's ideal. Lots of stories where renting is a pain to get legitimate issues dealt with.
most of the time the set-up utility pole and or water hookup / well septic systems are included with the sale price
They are a great home we bought our cavco durango 2024 single wide 56× 16 for 104 k and the rest of your numbers are fairly accurate,at 148 k set up and the land 1/4 acre for 20 k here in AZ was a good deal,and we have 9 ft ceilings and stainless steel appliances, we got ours from Mohave homes in Golden Valley AZ,call Jessica she was awesome to work with,😊
Very informative. Some things I didn't know.
Florida Man here. The biggest thing to watch out for is how much higher the lot rents are increasing when buying an existing home. We've had 50-100% lot rents increases which hit you hard, especially on a fixed income.
Thanks, my manufactured home is in great shape, in a nice park...you're talking people out of buying them.
it why it make more sense to buy used manufactured house that not that old because you pay less than for new one.
One of the biggest problems of manufactured homes is that so many areas do not allow them. If your area does not allow manufactured homes do not bother looking at property there. And so often the land is available either does not have power or you can't dig a well. So now you are dependent on water.Water from the city or from hauling it in. Count the cost before you get excited at the mobile home dealer.
My In- Laws lived in their Manufactured Home over 30 years. It was on a lot in the Middle of a forest. They had no Problems with it.
I am in the process of buying a new MH and land in the state of MO. Yes, I agree with you regarding finding a lender, TOUGH! My raw land purchase is a totally wooded, 1 acre parcel with water, sewer, and electric run to the line. I have checked with FEMA and land is NOT in a flood plain. Is there anything else you would recommend I do regarding the land purchase which I haven't done like getting it surveyed, which you would recommend? THANK YOU for sharing your expertise!! Bill PS. I am a subscriber and always "thumbs up".
Speculative capital truly is the worst thing to ever happen to housing.
It's not like 'investors' are diving in to be service providers, they're diving in to scalp the market.
If you find land and it won't perk to put in a septic it can be expensive.
The term "Affordable Housing" has truly lost its meaning when it comes to owning manufactured homes in parks and private land as lot rentals continue to go up, as well as the price of raw land that are typically zoned for residence/agricultural and their availability, respectively. Unless, as one commenter said in an earlier post I had made, the land "is...50 miles from the nearest store and ...raw," manufactured home owners/buyers are really getting kicked in the corner by the government and "Wall Street investors" on where to find "Affordable Housing" these days--- which sadly and literally means way out in the woods.
Made 50000 in 5 weeks on my last double wide, had a real garage with bedroom behind, above was 2 bedrooms upstairs built connected to double wide. 5 bedrooms.
I’ve been thinking of selling my house. Land in the country and put one on permanent foundation
Remember if the land the home sits on is rented, the terms of a loan for a manu home will be higher and the ability to refinance that home in the future is highly unlikely
Great tips! National trends and stigmas dont apply here in SoCal. Buying land and a ManuHome is a good option considering the median home prices are almost 800K here in San Diego. I may consider it this summer. "Like"
First why live in a park
Buy your land
Second don’t live around neighbors.
Live out of towns no permits needed etc . At least here .
Our 10 acres with our manufactured home is worth 400k+
We added a cement drive a in ground pool
Rain catching water system
A barn a garage
A ornamental pond
Landscaping etc
Where is this located? Looking for land too
@@Loveroftruth777 I live in Oklahoma
ONLY if you own your own land. BUY LAND or SHARE LAND and PASS THE LAND DOWN TO FAMILY.
DO YOUR HOMEWORK.
Make sure you get ALL the info. and when you find a proper fit. GO FOR IT!!
MAKE SURE to get TITLE INSURANCE ‼️‼️📢💯📢💯
There are many good videos such as this one. (Quite a few very good ones here)‼️
My opinion....I would not want a M Home In Environmental Crisis prone areas. NO WAY.
Hurricane straps or not.
BUT there are many areas where I would.
If you can buy Land and can wait a year....you can use your Land as a down payment and Roll it in with NEW home and Construction loan together for what you can afford.
GOOD LUCK...
YOU CAN DO IT ‼️ 💯 💯💯💯📢
Great vlog! I appreciate all you do❤Great wealth of information. I know this is about manufactured homes & yes I’d live in one. It bothers me to hear people label others as trashy. They are actually smart in my opinion to choose manufactured.
I wanted to buy a TinyHome at one point but ended up buying a condo. (I’m the not so smart one, LOL😂but I do think I made a quick decision, went over my budget and higher interest rate). Although, I love it, close to family. However, if Va ever becomes tiny friendly I’d downsize in a heartbeat.
Thank you for all you do!!
I like the show, learned a lot ty
Not in Nevada. Out in Pahrump Nevada they are asking over 200,000 for a lived in manufactured home.
I found something new (about manufactured homes in my area) that I haven’t seen before & wondered if Ms Smallhorn had seen any trends.
I pass by a MH park on my way to work & noticed them putting in quite a few new mobile homes. I looked them up & found that they had bought about 20 new mobile homes & are renting them out. Not the tradition lot rent senario for your own mobile home - but renting the mobile home with the lot. It’s an older park & taking out a lot of the older homes in the park & putting in new ones.
I’m just wondering if there are any pitfalls to be aware of? I am just so tired of apartments & this place is closer to my job. I would have a lot more space in a 2/2 MH, compared to my 1 br apartment, for just a little more than I’m paying for my 1br.
We were lucky. Established property 300 feet off city boundry. Mineral rights. Home welded to basement foundation. Refinanced as real. 6 acres. Retired from a more expensive state. USAA.
Westerville, Ohio is a land rush. MH here 30G's 20 years old. MHP buyout has led to some lease law issues.
I use a title Co and attorney to check documents. Realtors just don't know legal issues. Which can be most detrimental when buying land or MH.
You didn't talk near enough about CO-OP parks. A national organization called ROC, (resident owned community) helped us work out the purchase, guiding us to financing and several government grants. Our lot rent will never be for profit, only for expenses.
I bought my 2002 double wide in an older park for 48k in 2013. I sold it in 2023 for 123k!
Wow!!
finding vacant land to place your manufactured home on in southern California is HARD and near bout impossible
What's the best company to buy a manufacturer home
there are plenty of owner parks ( you own the land )
Here's one for you. Mobile homes and tiny homes on wheels are assessed property rax in Tennessee now, even if they are renting a lot. I think it's a fairly new law.
Viable, but codes and laws need to be updated to accommodate.
I would think another practical solution would either be to buy property that already has a mobile home on it and either sell it or have it moved and place a newer one on it.
Perhaps that could be done even with a dilapidated house that already has electricity, water, and sewer, and all you have to do is demolish the home and then put a mobile home on it. I don't see why that couldn't work.
You’re correct. Many people do this. You’ll have to update the sewer and that can be pretty expensive if you weren’t expecting it.