Florida Mobile Homes for Sale - Cheap in 55 plus communities - Bradenton 25K
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- เผยแพร่เมื่อ 5 ต.ค. 2024
- Bradenton offers many manufactured home communities with Florida mobile homes for sale. There are 55 plus and all ages communities in which bargains can be found. Florida retirement communities are well represented in Bradenton with everything from luxury gated communities to small mobile home parks; that are more affordable. In this video we look at a bargain home, in one such Florida mobile home park, that offers low lot rent for the area and quick access to many beaches and other attractions.
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Mark Kaiser
The Mobile Home Dealer
Email: mark@sellmobilehomes.com
Website: www.sellmobilehome.com
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Awesome video Russ! Thanks!!!
Thanks for watching!
In Sarasota I own a mobile home just 3 miles from Siesta Key Beach. Our lot rent was $550 just a few years ago when it was sold and the new owner raised the rent by $250 in only a couple of years. Now he just sold the park to a big company called Inland and they are going up on the rent by $80 in October in spite of the fact that the last owner promised not to raise the rent more than $10 per month until 2024! Thank God these MH's are selling like hotcakes because I can't wait to move. I plan on building out a van or an ambulance and living in that.
What steps did your HOA take to negotiate or oppose the lot rent over these years? How many in your community belong to the HOA?
@@RussellWatsonFMHL No HOA... there was one but it closed down. They didn't do anything about it. as far as I know, they said nothing could be done. Some residents have tried. I'm in a wc and they often changed meeting times on a whim with no notification. It takes a lot of work to get to the community center in a wc and that's where the mail boxes are so I continually missed them. They didn't send out emails. The mh park is called Villager Resort of Sarasota, Fl. The local is absolutely fabulous but we have no ammenities except a small community center with TV, piano, pool table and a little kitchen. We are close to downtown, grocery stores, Best Buy, Petco and Trader Joe's all of which I can get to in my wc. I'm sure that you could find some great bargains in this park. A mh near me just sold for $5000 because the owner died and his brother just wanted to get rid it. It went immediately. Before that 29k was about the lowest selling price.
You're welcome as my guest if you want to come check it out!
I am from Bradenton and it is no longer cheap to live there. Nice place and beautiful beaches.
It really is!
I paid 27 on the water luxury resort. Two years later sell for 70 80 now. $750 lot rent west side Bradenton. Moved in at 55. Best move I ever made sold the house banked the money. Easy living half as much as home ownership
Hi Russ, When you do the math, the current lot rent for this property is $6,600/year -- 27% of the cost of the house itself (as is -- and likely upgrades/repairs will be needed). Yes, $550 is lower than many lot rents in the area, so it's an okay deal if you remember that the price of rent is going to continue to go up over the years. You then are a home owner with the feeling of also being a tenant at the mercy of the landlord charging land rent. I own two amazing manufactured homes in the area -- one is 1.5 blocks from the shore (and close to Anna Maria Island) with zero HOA (just a voluntary under $100 annual fee) and the other is wooded and beautiful with a $107/month co-op fee (which go up less than rental fees). Please try hard to focus on properties with even lower (or no) fees -- especially co-ops -- and showcase the best deals. I feel bad when I see people spend money to be a home owner and then become a tenant to the tune of thousands of dollars per year at the same time.
Glad you have done well investing. The assumption everyone buys a home as an investment with the sole purpose of maximizing return is a common one. And for someone in their early decades of life, a very wise course. There is no question co-ops offer lower monthly fees, but they also require a much higher amount of capital, you can wind up with management by a small (and possibly incompetent) click of residents, and they can be sold by a vote of the majority of shareholders (who may be much older than you and ready to cash out) to an investment fund stranding you as a renter. Homes in subdivisions have even lower fees but a different set of issues and require even more capital or a mortgage. So, while there are certainly folks whose priority is low or no monthly fees, there are tens of thousands that want a resort environment with nothing more required of them than a monthly payment they can easily afford and a smaller capital outlay than a site-built resort. Then there are those with very little capital but a monthly income that easily covers a high lot rent. Increasingly we are seeing folks who would otherwise rent an apartment but are priced out of that option. I could write a book on this topic; wait - I did write a book on this: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
For much more info on these and many more scenarios out there give it a read.
Great comments guys. Russ question is it better to buy a home with land verses pay lot fee and being an owner?
All the old people are so lucky. Y'all get the cheapest rent , no cap. Everyone is paying 1k easy for a dam studio or more 2k easy for 2/3 bedroom anything. Some residents can't even find a home due this raising rent , easy Bradenton went up $100,000 in one year alone. Sarasota went up 250k in one year as well. Nothing is cheap here and it will continue to skyrocket
Same with Texas. Rent is 1500 for a small one bedroom. Home prices have more than tripled in some areas.
The Gulf Coast of Florida has been the family go to place for decades. Thirty years ago I could have bought my parents St.Pete condo for $55K oops!
Manufactured homes seem to be the only affordable option within a short drive of Gulf Coast beaches.
The same is true along both coasts. Gentrification via the huge numbers retiring in northern climates that have seen huge increases in their home values and retirement accounts has driven up the price of all property classes in Florida.
@@RussellWatsonFMHL the condo value went up by 4x. During the same period my professionally managed IRA went up 2x. Hmm?
Good price on the home but those lot rents are outrageous. Any communities with low lot rents and where the park owners don't raise the fees each year or do so minimally in Florida?
The lot rent in this park is roughly 30% below that of this area. I have seen good parks as low as $425 or so in some areas of the state, You should expect parks to raise rents as the cost of living increases. I would guess 5% this coming year on average. It sounds like a resident owned community might better meet your needs. Check out this video: th-cam.com/video/QdOSSb98WYA/w-d-xo.html
@@erbxvdfb possibly in rural areas. Unfortunately mobile homes do not share manufactured homes immunity from local building codes. So many areas grandfathered what was in place years ago but won’t allow you to move one onto a lot within their jurisdiction. Also very difficult to find movers willing to move that old a home. Then there’s the installation standards that mobile homes were never built to meet. I’m sure some states allow it but in Florida I think it would be difficult in all but the most rural areas.
It includes water, sewer, trash, lawn care
The lot rent is very reasonable and they include everything in the rent except utilities. Many communities only provide garbage pickup and amenities and are in the range of $800 and up. These communities are inland as well.
That's below average for lot fees.
My parents lived. at Gulf Lake Estates for many years retiring from Erie Pa. My Mom and sister in law were nurses at Blake working in the OR. Beautiful ⛱️.
So funny I read your comment today as I was just considering looking at a house in Erie. We're in the Poconos in a mobile but we want our own land now. Erie is reasonably priced and looks beautiful but we were concerned about the higher crime rate in that area ( 16504 ).
@@lori....4816
Erie is garbage - stay away! We all move AWAY from Erie - not move to it!
yes ty
Yes please !
I don't mind a home that needs a little TCL but what scares me is the lot rent going up every year. I would have moved to Florida years ago if it wasn't for the increasing lot rent each year. Being on a fixed income, I know what I can afford each month.
Yes, if you can't afford it - including lot rent increases at least as much as COL, then land-lease may not be for you. But there are many Resident Owned Communities with much lower monthly maintenance fees that rarely increase. Why not check that out?th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Ty for a great video please do more as my family is looking to move to Florida. My mom and I as well 55 and up... this shows me what Bradenton offers as well
More to come!
could never understand why anyone would buy a mobile home without the property! $550 a month (he says is low) they can raise the rate at any time.
NP Timothy Barry , this is just one example of the many kinds of deals out there. Be sure to check out some of the other videos on the channel th-cam.com/users/FloridaManufacturedHomeLiving as well as all the resources on our website: www.floridamfghome.com/
It's all free! I'm sure you can find a home and a deal that meets your needs.
In florida 550 is a low price because the prices for apartments is 900-1500 for q cheap apartment and 750 per month for a effency studio
@@MrLinkvi Quite correct - More in this area. In fact, in one community I know that is around $900/mo lot rent. folks are complaining because new residents have no interest in activities. They only move there is because compared to everything else that's safe and clean - this is far MORE AFFORDABLE.
@@RussellWatsonFMHL if you need any help with tasks this summer starting next month lmk my Tropicana season is ending after this month, I am willing to learn to do new things you may need done around your community(s)
@@MrLinkvi I don't own any communities. I produce educational content for folks considering, or living in, manufactured housing in Florida.
Not mentioned is that the lot rent is extra (typically the same price as rent on a nearby apartment), may increase yearly, and Florida is known for hurricanes, during which mobile homes can become REALLY mobile.
Perhaps you got interrupted while watching the video as lot rent is fully disclosed. I have an entire video posted on lot rent that very clearly discusses the need to budget for increases. The fact they do increase is not new to most on this channel. Should you need more info watch: th-cam.com/video/Qt2324H2llo/w-d-xo.html
As for 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: th-cam.com/video/3K4BqVEspOw/w-d-xo.html
@bluemoonriderLIPA There are no tax exemptions unless the MH is on its own lot and recorded as real property. There are protections under that statute which extend to MH and if it's your domicile than you should file.
Thank you for making excellent videos my wife and I will be reaching out to you in a couple years once we are 55
Glad you are enjoying them.
My wife and I had talked about moving south. We hate the winters here in Michigan. I was a little surprised about the lot rent but it’s been a while since I lived in a mobile home. We would more than likely want a little bigger and newer home than this model. I’ll keep watching to see if there’s anything we Amy like.
I have quite a few videos on parks and hmes from mid-price down. Working on a video now featuring a 2100 sq ft. luxury home in a luxury community. Check out the channel and the playlists: th-cam.com/users/FloridaManufacturedHomeLiving
@@RussellWatsonFMHL …..Thanks for the reply. I’m interested in a home in the 1300 to 1500 sq. ft. range. I did see a home in website you posted in the Tanglewood community. I believe it was 1440 sq ft and while I liked the home the lot rent was a lot more than I thought they would be. $1000.00/month on lot is pretty steep. But thank you for the info and I will do more searching on the link you provided.
@@richardrybarczyk1143 Lot rents in resort land-lease communities will run $650 - $1000 or more depending upon the park. If you can afford the capital up front or don't mind a mortgage take a look at ROCs. Monthly costs are generally much less: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
I'm doing opposite!
Going to Michigan to escape brutal Alabama humidity
Uh. Ian says, "Don't do it!"
I read that park is having “growing pains with new management” in one review. Another review states the manager is a bit of a tool, to put it bluntly. He seems to make a lot of drama.
It's my experience you can find online negative reviews on almost every park. In fact, on almost everything. A part of due diligence is to meet the park manager and asses for yourself if that is someone you can work with. I believe this was one of a batch of parks that were purchased fairly recently by Gemstone Communities. There are always a few who object to changes when this happens. Better measures are the number of homes for sale and the general condition of the park. There was one other home (out of 77) for sale that I saw and the park and pool were immaculate. While filming, a concerned neighbor stopped over to check up on us - also good. He said he had been there many years, and it was a nice place to live.
Great informative video Russ,,thanks,,and ty Mark for showing
Glad you enjoyed it
Great video and lots of positive feedback...thankyou
Our pleasure!
Russ,you did it again,great video.
I appreciate that, Thanks!
Don't know if this is possible in Florida, but my mother and her husband use to own a snowbird MH in Harlingen, TX, and they owned the land. They had to pay property taxes, but those were about $400 per year in 2013 when they sold - but who knows what they are now. I guess with MHs you have to factor in some expenses that are beyond your control.
We have the same here in Florida - Check out these videos: th-cam.com/video/4G_FcZOZv-E/w-d-xo.html&pp=gAQBiAQB
5,000 homes destroyed by hurricane Ian last September, mostly older ones. Homes built after 1994 were required to be built much stronger with better chance of surviving a hurricane.
Yes, a little over 5000 structures were destroyed but the majority of those were not manufactured homes. It was typical wierdness for hurricanes as a park on one side of the street had severe damage throughout while the park across the street had virtually none. There's not a lot you can do no matter what kind of home you live in (other than evacuate) if you are at landfall of a CAT 3-5 hurricane.
Wow, what a price Russ....and close to the beaches...nice video 😉
I am conflicted between the Gulf Coast and the east coast of Florida🤔...
Yup, it's a quandary. I find traffic lighter and the beaches generally less crowded North of Ft Lauderdale on the east coast. On the other hand, if it's a party beach scene and all the variety a bigger city brings the gulf coast north of Naples offers that at lower prices than Broward or Dade county. I think the gulf beaches are of a higher quality too, if your a bit of a beach aficionado.
Yes, we are over 1k in monthly lot rent here in N. Broward, including water, pass through, and lawn service. 10 miles to beach.
@@lucylou1605 What is the name of your park?
Unrelated to this video. Please do a video on financial requirements to move into various parks, such as monthly income, FICO, and liquid financial assets. Thanks !!!
Unfortunately this is different for every park! Even parks owned by the same outfit. And it ranges from simply paying the first months rent to requiring a minimum net worth/income/credit rating/cash available, etc. Nor is this correlated with the size of the park. So the right process IMHO is to narrow your choices, best you can, then call each park and ask.
Great video Russ!
Glad you enjoyed it
If you are dealing with an older mobile pre-1980 and if they have a fire then they tend to burn up quickly. And I do mean quick. Was visiting a mobile home park and an owner had a kitchen fire and within 5 minutes the mobile home was gone.
I'm not sure how age relates to that. They built a 1980s home to the same HUD code as a 1993. I occasionally read about mobile home fires although I've yet to have one occur nearby and I live near thousands of 1980s vintage homes. There may be pre-1976 homes built poorly, as there were no standards in place back then.
@@RussellWatsonFMHL Can't speak for FL but CA made some very strict codes with regards to mobile homes back in 2000. The newer mobile homes from a code point of view close to a regular single family home.
Huh? Nice nice!
If your going into any 55+ please really look thru the bylaws for the community. We are in a condo for 4 years now. Our daughter in law just arrived from Europe. We found out that she can only stay with us for 90 Days!!!! Ridiculous rules. Who knew there would be a rule like this??? We own our unit outright and pay our monthly fees on time. Just be aware!!!!
You are not the first to buy into something like this without reading the rules or knowing the deal. In fact, that's why I wrote my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
Sorry you have such difficulties. FYI the limit in most land-lease parks is 30 days.
Curious to know, if there are 'by-laws' which list/describe rules of living in this type of condominium.
@@RussellWatsonFMHL The problem is we did not even get the entire 6 inches of full bylaws until AFTER closing. Upon closing we received about 25 pages which was not our realtors or attorneys fault who kept asking. The 25 pages we odd get was nothing just the basics!!! At closing your option is to not close with moving trucks loaded. This isn’t our first rodeo either. Will never allow this to happen again rest assured!!!
@@suedesignable Your story, albeit about condos, highlights the need to be educated on what you are buying before you buy.
Hold off 18-24 months. That price will go down more. With lot rentals, these properties may start to sit vacant in two years.
Wishful thinking IMHO. While homes in the $350K to $800K range may see major depreciation and be difficult to sell, all those retiring who planned for that but now can't afford it will flock to land-lease parks and ROCs. And those that though they could afford the resorts but are priced out by high lot rents will fill the smaller parks. MH parks actually benefit from a recession.
However digging into it what I have found is older homes are impossible to get insurance for...... And you can't get a loan to buy an older home.... And the majority of them are jacking up the rental because they're considering selling the land....
Maybe you can address these....
Pre-76 (mobile homes) are difficult to get insurance for and often the value of the home does not justify the cost of wind coverage. Financing is available on homes valued at $30K or more for any manufactured home. There are some who finance mobile homes but they will really be personal loans and are often at much higher rates. Most older home purchases I have seen are paid for with a check. I follow the Florida Mobile Home Relocation Corporation closely, attending most Board of Director's meetings. When parks close to sell the land these folks must be notified and claims for benefits by homeowners are filed here. They are typically seeing one or two small parks a year close for this purpose. I cover that risk and how to mitigate it, along with insurance & financing, in our MH Buyer Program.
One should also check to see what a 1 or 2 BR apartment rents for in the locations that you are interested in as well. In Silicon Valley a newer manufactured home goes for over $300K with lot rents of over $800 a month. Also check your park out as some parks in Silicon Valley are going to be sold at some point leaving the current owners in bad shape.
Lots of people from California are going to be moving over the next couple of years because it is becoming way too expensive to live here.
Yes, check quivilent apartment prices!!! That pretty much stops complaints about lot rents.
I pay 1250 for 2 br 1bath duplex no amenities north of Bradenton. Double that to live in town.
@@sheilajones6918 Sounds about right. Actually I suspect that's a bargain.
My hometown!
That is high lot rent, and to many air conditioners/but they are older homes. Nice locations. Thanks
You bet
Wholesome and informative. Thanks for posting
Glad it was helpful!
Love your videos
I'm looking for a really nice mobile Home or modular home on a lot that I own so that my fees are very low…can you do a video on Mobile home lots that one can own or mobile home parks where you own the lot? Thanks!
PS
I used to live 3 miles from Ana Maria Island in Bradenton it's absolutely gorgeous there !!
I love west Bradenton ❤️
I have several videos with examples of such parks and homes along with the opening video that talks about Resident Owned Communities. Here's a link: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
@@RussellWatsonFMHL Great thank you!
You're welcome!
@@RussellWatsonFMHL Is Resident-Owned the same thing as Owned-Land? I'm looking for a place that is a traditional deeded lot, just 55+ with gated entrance and lawn care.
I have several videos with examples of such parks and homes along with the opening video that talks about Resident Owned Communities. Here's a link: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Any plans on doing a (some) recent some videos on general Fort Myers, North Fort Myers, Cape Coral area?
Actually, the Fort Myers/North Fort Myers area is on my short list!
I would never "buy a home" only to have to pay rent!! What sense does that make? I don't care if it's on the beach in Bermuda!! Either buy or rent!
Alan Sach , we each have our goals and ideas on what is worth our hard-earned assets. There is no question this does not meet everyone's needs. The idea is to present enough information that you can know the alternatives and make an informed decision. Glad we can help you in that regard.
Excellent deal for the Bradenton area!!
Definitely!
Can you please make a video or tell me what all age communities exist in Sarasota and Bradenton?
Join my Inner Circle (free) and download a complete list for the state. www.floridamfghome.com/Buyer-Resources There is no registry of 55+ vs. All ages but you can just Google the communities that interest you.
The lot rent in san Diego is between $1200 to 1500 for a 60 foot single wide...and home prices are lots more....... I'm in an older 1960s park and now pay $900 a month winters...
California is sure expensive. Do you have a different rate for winter & summer?
@@RussellWatsonFMHL we actually have to use heat in the winter :) which is expensive... Summer in $100 to $150 less...
October with the Santa Annas is usually the only time AC is needed... but then I'm 200 yards from San Diego bay, two miles from the ocean...
home prices are 2 or 3 times more than in florida..
@@lewis7315 OK, so your lot rent includes electricity or do they add it on?
@@RussellWatsonFMHL for the last 20 years the park has added utilities to the rent, so that $914 was to bill for the last month... The total was about &500 a month when I bought the home 20 years ago...
The usual trailer home price for a single wide was about $30,000 back 20 years ago ... but I got it for $6000 special circumstances... cash only price..
My best friend sold their two story 4 bedroom (two apartment) home last year for $800,000, two blocks from the beach, city of Imperial Beach...
Would like more videos with communities without a charge for amenities - lot rent just for the basics.
There certainly are some out there. See my video on Lakeland as an example. When I'm doing area videos I try to include the best of what I ran across. Unfortunately there isn't a whole lot to say about a park that just offers lots for rent so a dedicated video would be pretty boring. Perhaps as I collect park video from around the state I'll have enough to do a video on multiple parks in that category. It's also only found in small parks. Some are very nice and some are downright scary.
Looks like a dump. Only suckers buy trailers with lot rent.
I agree it's a bit disheveled and the furniture overcrowds it a bit. Not everyone has the same financial capabilities or goals. I'm sure you'll be able to find something that meets your standards and needs but frankly, many of my viewers tell me they are looking for a low priced home with a monthly lot rent they can afford in a clean park where someone else maintains the pool and cuts the lawns. I think you might be better served in one of the higher end deed restricted subdivisions like this one: th-cam.com/video/4G_FcZOZv-E/w-d-xo.html
Liked this video and ones like it. Thanks.
Awesome, thank you!
Thank You 🙌🏻👍🏻🙌🏻
You're welcome!
Recently discovered your channel and working through the videos. Lots of great information. Have you visited any parks or homes in the Leesburg area? I have been looking around the lakes over there.
Yes I have visited some of them. No videos yet. That's horse country. Rolling hills and fairly rural. Very popular among retirees that are not focussed on the beaches.
@@RussellWatsonFMHL There are many around lake Harris I would consider when I retire later this year, early next year. My parents spent 12 years in Ocala and mother moved to Leesburg after dad passed. Very quaint little village. She will be celebrating 98 in November. What is in the water there? 😀Stay safe!
Lived in Wildwood.and worked in Leesburg loved it wish I'd kept my land there now
WOW
Ótimo vídeo!!
Parabéns!
Gracias
Seems like they gonna be great at hurricane season
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: th-cam.com/video/3K4BqVEspOw/w-d-xo.html
Thinking 30k and you get it righted. I see problems, but they can be overcome.
And the net result would be that you have a Florida getaway or year-round home fixed up your way for less than 50K. A lot of folks think that's a good deal!
My concern now is hearing about these 55+ manufactured home parks being bought out. And they are charging enormous fees now. With us thinking seriously about coming g down, we are very concerned. What are your thoughts. Thanks
NP Ronald Carnevale , Land-Lease is just one example of the many kinds of deals out there. Be sure to check out some of the other videos on the channel th-cam.com/users/FloridaManufacturedHomeLiving as well as all the resources on our website: www.floridamfghome.com/
It's all free! I'm sure you can find a home and a deal that meets your needs. You may want to consider ROCs or parks owned by major park owners unlikely to sell.
Thank you Russ
Hope you liked it!
Airport is down the road
Thanks Russ! Can you do more tours in Lakeland please?
I do plan another Lakeland tour later this year. Anything in particular that interests you?
@@RussellWatsonFMHL that's great. Just starting to look so know little about the area. Maybe some land owned or co-op parks?
There are only 2 co-ops in Lakeland. I also show the nicest subdivision I found in the current video.
Have the realtors there ever taken a 1099-a for payment? That would help lots of people get in an pay in full for a home.
I don't know what you mean by take a 1099-a. That seems to be a form you receive when your bank has foreclosed on your home.
Have anything that somebody like me who isn’t 55+ to buy a trailer. I live in palmetto, RIGHT next to Bradentons green bridge.
I don't sell homes. But you are welcome to contact the agent that helped me produce this video and ask: www.sellmobilehome.com
great job,thanks
Thanks for watching!
In 2010 you could buy a trailer for $2,000 in Clearwater Florida and lot rent was $350 a month. Today those trailer are selling at $40,000 and the lot rent is $850 a month. May as well go inland and buy a real house for that type of money !! Never buy a home in an HOA or where you pay Lot Rent - you have no control over the cost of those things.
LOL, most of us are looking for manufactured homes in communities with lots of activities and the option for many new friends. You can still buy a trailer (inland) for $2,000 and drop it on a $20K lot in some rural areas. Go for it! As for a "real house" you better have around $200K in your pocket.
@@RussellWatsonFMHL - have fun spending all of that money. I will keep buying my 3br rental houses in town for $60k and renting them for $1,000 a month. I prefer the assets and not the Long term debt.
Than you so much…
Thanks for watching!
People raised their prices so high. The trailers are sitting. Oh well. I'd pay maybe $15k. It's an old trailer fully depreciated.
Not sure where you are seeing this but most places in FL around this price point sell very quickly.
Electric not a Big 5..? But encouraging none the less. Did I miss a community pool ?
Perhaps instead of Big 5, Mark might have said 5 most common. I have never seen a park where electricity was included in the lot rent although I am told such arrangements existed many years ago. I guess the answer to you question is , you did miss it. It is shown in the video.
"Lie-do" Key? It's pronounced "Lee-do"Key. I grew up there I know.
Thanks - being from New England I hardly get any of them right. 😁
Thank you
You're welcome
What about the insurance on these types of homes? Looking into it, I notice most want cash up front. That could be a drawback for some that can't put so much out at once.
Insurance is readily available for manufactured homes in Florida and somewhat less for mobile homes. There are too many factors to allow a generalization of price. I list agencies and originators on the website. I suggest you give them a call. www.floridamfghome.com/Buyer-Resources Most buyers do pay cash for the lower priced homes. Assuming your credit is good, it it possible to get chattel loans.
Pre-Building code homes are no bargain. Anything built before 1977 was garbage and dangerous to live in. Builders would glue two 1X2's together and call it a 2X4. Insulation was almost non-existent and aluminum wiring would over-heat and burn the place down.
That's only partially true. Yes, without the HUD code in place, some manufacturers cut corners and had shoddy workmanship. But there were others that built homes better than they are built today using real wood and copper wiring. Airstream is a good example. Just like used cars over 45 years old, some are classics and if properly maintained they retain or increase in value. Some held their utility, if maintained, and some were junk coming off the assembly line. There are numerous perils to look for and we cover those in our program for new buyers.
My brother bought a mobile home a month ago in a co-op 55+ park near the Tampa area. About 60K, the co-op fees are 250 dollars a month which includes many utilities. Paid off and lives there for 250 dollars a month the co-op low rates. 55+ you don't want to have to incur high monthly fees.
CoOps are a great option for many!! Like everything, prices are going up. $60K is a BARGAIN!
I'm 64 and I'm finding a mobile home.
Seems like a good idea but.... buying these places is almost the same as owning condos. You pay to own and then pay rent to the owner of lots, then property tax and maybe then HOA fees water etc. With skyrocketing rents the lot rents will go up to same amount as apartments.
Actually they are quite different from owning condos. As an example, if the sidewall of the pool caves in and you live in a condo, you will receive an assessment for your share of the costs to repair. In a land-lease arrangement (or an apartment complex) that's the owners responsibility and it comes out of their pocket, not yours. Yes, lot rents do go up - most annually. But generally these are within a percent or two of the increase in cost of living. Many parks have long term agreements for lot rent increases. This benefits owner and resident as they can plan several years out. All fees must be fully disclosed before you buy so it's up to you to decide what fits your financial plans. Historically, the very top rents in the high-end parks are about 80% of a similar apartment complex with mid-level resort parks closer to 60%. I don't foresee that getting worse for park residents and it may actually get better in times of higher inflation.
@@RussellWatsonFMHL Thanks. Got it. Thanks for making it make sense. I will watch your,channel for further info as this may be a doable alternative.🏞🏛🏖
I don't know FL laws but are there any controls on increasing lot rents. What is to prevent the park owner from raising the rent from $550/month to $1,000/month.
Yes there are. FL law prohibits "unreasonable increases". (FS723.033) You can find all the pertinent statutes on our website: www.floridamfghome.com/Legal You will find most increases in recent years to be 3 - 5% annually or less. With inflation rearing its ugly head, this could go to 10% or more and the prudent person should plan for this.
Can a 70 yr old couple have a live-in medical care taker for the disabled spouse and the care talker is their adult daughter/licensed caregiver.
Generally yes, but you would have to check with the individual park.
I find many good buys in Florida but then they tell you the lot rent and it's not such a good deal anymore. We don't need a pool or golf course or much really. Just a club house is fine. But parks like that are hard to find. Lot rents used to be reasonable but most are just too high . They raise every year and if the park is sold homeowners have little rights when rules change and rents increase
If the lot rent is comparable to the rent of an apartment then it might not be such a good deal. You need to evaluate all of your options before making a decision.
Lori there are lots of parks in the 80 - 120 lot range that offer a small clubhouse and perhaps an outside social area. Some have pools and some do not. These are often priced in the 400 - 500/mo lot rent range with some cheaper in rural areas. I have several videos that show such parks. In fact, this is one of them. But if that's too high for you I suggest you look at Resident Owned Communities. Here's a playlist: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Can someone from the Uk buy one of these homes. We would like to look at various over 55 community’s. What is your best advice please.
Certainly you can. We have a large number of Canadians here. (meaning ownership from another country is no problem)
@@RussellWatsonFMHL What is the best way to get in touch with you?
I do not offer personal consultation; preferring to reserve the time I have available for producing educational materials. With over 17,000 subscribers, I would be quickly overwhelmed if I tried. If you have a specific question related to a video, just put it in the chat so all can benefit from the answer. If you are looking for general guidance on choosing a community, may I suggest my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option.
amzn.to/3c3UMPJ
To download community lists, join my Inner Circle (free)
The website offers this and many more resources for finding, purchasing, and maintaining the right home for you:
www.floridamfghome.com/Buyer-Resources
Interested in Ft Myers area. Would love some info.
I plan a video on that area soon. In the meantime you can start looking at parks there. Join my Inner Circle (free) and download a complete list for the state. www.floridamfghome.com/Buyer-Resources
You can also get my book on choosing communities: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
Have you looked at Port st luce west? Class A RV park with lots for sale or rent?
Good video and info for gulf side....Thanks
Thanks, but they only list RV spaces. Do they have manufactured housing also?
EXPLAIN the age thing, I assume ONLY ONE PERSON needs to be over 55 ?
Does that person need to be named the owner or can someone else below 55 be the owner on paper ?
We have a video about that: th-cam.com/video/h-dS6CxVjN4/w-d-xo.html
Cost is too high for what you get in my opinion. I guess it depends on just what you are looking for. I'd be shaking in my boots living in that during hurricane season every year.
We each have a unique mix of financial resources and goals. You might be amazed by how many comments I get looking for a basic Florida getaway with low lot rent. As for 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: th-cam.com/video/3K4BqVEspOw/w-d-xo.html
Lot Rent is way to expensive
The lot rent in this park is roughly 30% below that of this area. I have seen good parks as low as $425 or so in some areas of the state but that's rock bottom for parks of any size. It sounds like a resident owned community might better meet your needs. Check out this video: th-cam.com/video/QdOSSb98WYA/w-d-xo.html
You have to own your lot or forget it.
Traffic is already horrible in bradenton, there is nothing "quick access" here
I found traffic pretty heavy by Florida East Coast standards but compared to Tampa and other areas on the Gulf Coast I thought it was moderate. No question one of the disadvantages of the Gulf Coast in general is traffic.
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I'm really interested in a home around 30s or40s lot rent as low as you can I'm from Minnesota
There's plenty out there. If you are looking for general guidance on choosing a community, may I suggest my book: Retirement in Florida - Manufactured Homes ; The Land-Lease Option.
amzn.to/3c3UMPJ
To download community lists, join my Inner Circle (free)
The website offers this and many more resources for finding, purchasing, and maintaining the right home for you:
www.floridamfghome.com/Buyer-Resources
Better off buying a condo...land lot can go up as high as the owner wants
Not quite - at least not in Florida - but a Condo is certainly an option to consider.
Watch outfox the lot rents,thay go all the way up to 1200.00 a month
You are right! There are communities in this area as high as that. This is part of what makes this one such a bargain. That said, I've met many folks quite happy paying over a thousand a month in lot rent to live in their community. Of course, they can afford it and see value in all their community offers them in return for their monthly payment. Not unlike the folks in site built 55+ communities that pay between 1K and 3K a month in taxes and HOA fees to live in theirs.
Please let us know if a property is pet friendly, specifically whether a small dog is acceptable (a senior chihuahua)
Unfortunately, only the park management can tell you that with any assurance of accuracy. Many parks, like this one, are described as "pet friendly". But only park management can tell you how that applies to your specific situation. AND, the policy can change. So what I might say today might not be correct 6 months or a year from now. If the rules do change, residents are grandfathered in, but not new buyers. That said, I have found "pet friendly" to almost always include dogs under 25lbs that are not on the insurance companies "dangerous breed" lists.
@@RussellWatsonFMHL oh, ok. Thank you very much.
Bradenton is great once you get to Sarasota
Sarasota is on my list of areas to feature but Mark tells me prices are much higher there.
@@RussellWatsonFMHL They absolutely are for everything. Your paying to say you live in Sarasota.
@@sean1849 We have the same in Vero Beach on the East Coast.
When I was in Palm Springs, people out there are building roofs over their homes to help with radiant heat, can they do that in Florida?
I imagine that's up to the local code enforcement (building) department. Can't say I have ever seen it here. Seems like it would have to be pretty strong to withstand hurricanes.
thank, you for you're video mark. what do you have for $185. thousand
Mark is the agent featured in this video. I do not sell homes, I make educational video content. If you would like to contact Mark about a home on the Gulf Coast here is his website: www.sellmobilehome.com/?fbclid=IwAR2mrJn58EZRiFvPOoQmisAFZEKnHPoDCr27IqK08UqNzbeRft3oRxeajlc Be sure to mention what a handsome guy he was in the video - might get you preferential treatment 😀
Do you show any parks in the area north of Orlando or in the Ocala area?
I haven't done anything there yet but it's on the list. Join my Inner Circle (free) and download a complete list for the state. www.floridamfghome.com/Buyer-Resources
Thank you! I look forward to seeing your video's when you get to the northern area of Florida.
Can you tell me the name of this park? I'm going to Ruskin next week and am looking for a home to buy preferably in Bradenton
I'll rewatch to see if I missed the name of the park
Pine Haven. I just found it
Check out Mark's website - he has quite a few homes listed. Contact info is in the video description. He's a wealth of info on parks in the area. Also look on our website for the other agents covering that area and check out their websites and/or give them a call. www.floridamfghome.com/Buyer-Resources
@@RussellWatsonFMHL the website you listed for Mark does not exist. I checked and it's just an empty domain
@@yunengdahl3675 I just copied and pasted it from the published description to my browser and it got me there in a blink. www.sellmobilehome.com/
did he say this home is being moved out of this park? why would i look at this home if it's going to be moved out of this park.
No, it's not being moved. Although ads for homes that "must be moved" are common on the Facebook groups. You would look at one if you had a piece of land to put it on.
What about rentals in these communites?
Most rentals in parks are by the homeowner. These are usually booked by past renters or those with friends in the park and access to local bulletin boards or Facebook groups. Some agencies list rentals and some may be found through Facebook groups. Both are listed on my website. www.floridamfghome.com/Buyer-Resources There are also some parks where the park owner rents homes. Try ELS, Cove Communities, or Google something like "Rental mobile homes (add area of interest)"
greetings, any similait mobile homes in the fort Lauderdale area? Or Hollywood Florida?
There are parks there. 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
Still years away from retirement
The lot rents are so ridiculous ! - Much better to have your own lot.
NP frank kluz , this is just one example of the many kinds of deals out there. Be sure to check out some of the other videos on the channel th-cam.com/users/FloridaManufacturedHomeLiving as well as all the resources on our website: www.floridamfghome.com/
It's all free! I'm sure you can find a home and a deal that meets your needs. Perhaps a Resident Owned Community might meed your needs. Check out these videos: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
@@RussellWatsonFMHL I'm sure - but I still think 500 - 800 / month "lot rent" - is "ridiculous" - sorry.
@@frankkluz9787 OK, perhaps Resident owned communities would be more to your liking. Their monthly fees are much less. Check out these videos: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
So you buy land. HOWEVER, you have to make sure you can put a trailer/ mobile home on it. I did it in Delaware, but you had to have a certain amount of acres.
how can I get more information about bradenton area
Google it.
The moble home is cheap, but I'm sure the rental of the land is high. Not worth it. If an investor buys the land, everyone will most likely be kicked out. I've seen it happen in Broward County.
The lot rent is disclosed in the video - it is well below median for the area. Any park (even CoOps) can be bought and sold. And yes, new owners might raise lot rents but state law prohibits "unreasonable" increases. The land can be sold for other purposes and that is a risk that should be assessed. I discuss that in my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
This has happened in Broward county but in the cases I reviewed the parks were sitting next to high rises or on beach area property with values hugely above what any reasonable lot rent could support as an investment. These are factors you should look at when considering a park.
They dont tell you how much more your expenses are going to go up after a year there.
All communities are required to tell you what the increase will be at the next regular lot lease renewal. After that I doubt they even know.
The problem is in most cases you don't OWN THE LAND UNDER It..
This particular community is a land-lease park. There are many resident owned communities in the area if land ownership is what you want and you can afford it. In my next video I highlight quite a few land ownership arrangements. Be sure to sign up for the Inner Circle (free) so you will be notified when it is published. www.floridamfghome.com/Buyer-Resources
Do you know if there are any bigger homes that might be in need of some TLC? I want something bigger, even if I have to fix it. Thanks
I'm sure there are many larger homes in Florida in need of fixing up. Check out the resources on our website for agents and online listings. www.floridamfghome.com/Buyer-Resources
How much a month to run the A/C for a month during the summer? Thank you
I asked what the electric bill was and as I recall Mark said $75-80/mo. But I don't know how accurate that would be with respect to summer and where you might set the thermostats. I have friends that keep their home around 80 and friends that keep it at 68. They have dramatically different electric bills. As I recall from my research, one advantage of the Bradenton area was cheap electricity. A good question when buying a home!