That's Great. I hope all is well now. My wife and I have started the process of looking for a park in central Florida, Going to move all the way from California. Your videos have been very informative especially when you open your videos talking about what's in the area prior to discussing the area parks. Thanks so Much!@@RussellWatsonFMHL
Welcome back! I hope all is well with you and yours! Please know, I really appreciate the work you do. You help so many people with their investment decisions.
There are still many opportunities out there. Especially if you have some capital to invest up front. But I agree, the resort land-lease parks are not the bargains they were even 10 years ago.
SO GLAD TO SEE YOU BACK! I assumed something in your peronal life was consuming your time. I am very glad to hear this is behind you. This vidio is most interesting. I can understand why people who had bought into their co-ops years ago, could be tempted into selling out for a huge profit. Although lot rents are going up at a scary rate, we still have a ways to go before renting a home or an appartment is more ecconomical than owning a manufactured home and renting a lot. In our park, lot rents are about $800 per month, but to rent a two bedroom two bathroom home here costs about $1,600 per month. Assuming you own your home, and bought it for a good price, this is still a good deal.
Nice video, Russell. I wish Sherry wasn’t so set on living near the beach, but happy wife happy life, so we’ll keep looking in the Daytona-Port Orange area.
Welcome Back! Hope all is well. Sure missed your videos in this ever changing real estate market. Any insight into what kind of insurance price hikes the manufactured homes are seeing?
That's an interesting topic. I just got over 200 quotes across the state for the insurance section in our MH New Buyers course. I don't think manufactured homes are being singled out for increases. Seems more like everyone is getting some increase but much more in the lower part of the state.
Thanks, Russ. Very helpful. I was recently looking at a property that described itself as a condominium association. How is that different from a co-op?
LOL, the differences between these communities comprises a whole module in our MHNB New Buyer course. The simple answer is a Condo falls under FS718 and CoOps FS719. I think I go into it a bit more in this video on the channel: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Hi I just want to say that this way is very informative I just subscribe to your channel. I have a question ? Once the park is sold to an investor, can they make you move out of the park ? here in South Florida I seen a few parks that people do not owned the lot and it was sold to investors with the purpose of clear the park and build commercial real estate on top of the land can this happen to a co-op community???if the park is sold to a new investor
Land-Lease parks can, and occasionally do, close for sale of the land for other uses. (Shopping mall, apartments, etc.) But no CoOp HOA is going to sell their park without a stipulation in the agreement that it stay a park. I suppose if the buyer offered to pay 3X the market price for every home as well as the purchase price of the park they might, but unless that land is sitting on an undiscovered oil field, I can't imagine a property worth that much.
But so certain towns have laws that stop this? Like Zephyrhills which is a town dedicated to affordable living? Originally created for veterans? I have watched a number of your videos, I have seen no reason not to buy a 20k home in Zephyrhills with a lot rent of 390 and instead pay 125 k for the same size home on 'coop' land.
My next video will be on Zephyrhills. I have been researching that area. There are lots of opportunities for low priced housing there. But, many are in R/V parks vs. Mobile Home parks. That makes a big difference in the amount of protection you have under Florida law. That said, there are opportunities in Zephyrhills in MHPs. ROCs, and there are a vast number of manufactured and mobile homes in unrestricted settings on private land. Not sure what you are asking about laws that "stop this". In FL most housing law other than zoning is preempted at the state level.
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 23,000 subscribers I would be quickly overwhelmed if I tried. If you have a specific question, related to a video, just put it in the comments 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. Our FMHL website offers more resources: www.floridamfghome.com/
So glad to see you posting videos again, you've been missed.
Couldn’t agree more. I was concerned something may have happened.
It did, but we are past that now.
Excellent video, thank you!
Glad you liked it!
Like the videos. Hope your going to start posting more often again. As far as I can tell the last post was about a year ago.
Yes, I am. And it's been 318 days - 23 hours. Difficult times but we are past that now.
That's Great. I hope all is well now. My wife and I have started the process of looking for a park in central Florida, Going to move all the way from California. Your videos have been very informative especially when you open your videos talking about what's in the area prior to discussing the area parks. Thanks so Much!@@RussellWatsonFMHL
Glad you’re back, happy new year.
Happy new year!
Welcome back! I hope all is well with you and yours! Please know, I really appreciate the work you do. You help so many people with their investment decisions.
Thanks!!!
Welcome back, Russ. We missed you! Than you for the informative video. Great stuff!!
Thank you kindly! It was a difficult year. Back in the saddle now though.
Great video! Thanks for the info! Lot rents are so high in some communities. It is disheartening!
There are still many opportunities out there. Especially if you have some capital to invest up front. But I agree, the resort land-lease parks are not the bargains they were even 10 years ago.
Thanks for posting again, Russ!
No worries!
Thank you for helping with my possible move to ormand beach.
Happy to help!
This is so wonderful❤️. Thank you so much for taking the time to do these videos that we all can enjoy. I hope you have a great day.👍👍
You are so welcome!
Glad your posting again..Love the info and advise you share.
I appreciate that! Next one is in editing - should be out shortly.
SO GLAD TO SEE YOU BACK! I assumed something in your peronal life was consuming your time. I am very glad to hear this is behind you. This vidio is most interesting. I can understand why people who had bought into their co-ops years ago, could be tempted into selling out for a huge profit. Although lot rents are going up at a scary rate, we still have a ways to go before renting a home or an appartment is more ecconomical than owning a manufactured home and renting a lot. In our park, lot rents are about $800 per month, but to rent a two bedroom two bathroom home here costs about $1,600 per month. Assuming you own your home, and bought it for a good price, this is still a good deal.
I agree!
Helpful content! Thank you.
Glad it was helpful!
Welcome back! You have been missed!
Thanks! Lots more to come.
Nice video, Russell. I wish Sherry wasn’t so set on living near the beach, but happy wife happy life, so we’ll keep looking in the Daytona-Port Orange area.
Thanks 👍
Welcome Back! Hope all is well. Sure missed your videos in this ever changing real estate market. Any insight into what kind of insurance price hikes the manufactured homes are seeing?
That's an interesting topic. I just got over 200 quotes across the state for the insurance section in our MH New Buyers course. I don't think manufactured homes are being singled out for increases. Seems more like everyone is getting some increase but much more in the lower part of the state.
Thanks, Russ. Very helpful. I was recently looking at a property that described itself as a condominium association. How is that different from a co-op?
LOL, the differences between these communities comprises a whole module in our MHNB New Buyer course. The simple answer is a Condo falls under FS718 and CoOps FS719. I think I go into it a bit more in this video on the channel: th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Hi I just want to say that this way is very informative I just subscribe to your channel. I have a question ? Once the park is sold to an investor, can they make you move out of the park ? here in South Florida I seen a few parks that people do not owned the lot and it was sold to investors with the purpose of clear the park and build commercial real estate on top of the land can this happen to a co-op community???if the park is sold to a new investor
Land-Lease parks can, and occasionally do, close for sale of the land for other uses. (Shopping mall, apartments, etc.) But no CoOp HOA is going to sell their park without a stipulation in the agreement that it stay a park. I suppose if the buyer offered to pay 3X the market price for every home as well as the purchase price of the park they might, but unless that land is sitting on an undiscovered oil field, I can't imagine a property worth that much.
Do you have a link to the Florida coop list?
You can request a statewide CoOp list by joining our Inner Circle. It's Free! www.floridamfghome.com/Buyer-Resources
How can I get a list of the co-ops in Florida?
You can request a statewide CoOp list by joining our Inner Circle. It's Free! www.floridamfghome.com/Buyer-Resources
But so certain towns have laws that stop this? Like Zephyrhills which is a town dedicated to affordable living? Originally created for veterans?
I have watched a number of your videos, I have seen no reason not to buy a 20k home in Zephyrhills with a lot rent of 390 and instead pay 125 k for the same size home on 'coop' land.
My next video will be on Zephyrhills. I have been researching that area. There are lots of opportunities for low priced housing there. But, many are in R/V parks vs. Mobile Home parks. That makes a big difference in the amount of protection you have under Florida law. That said, there are opportunities in Zephyrhills in MHPs. ROCs, and there are a vast number of manufactured and mobile homes in unrestricted settings on private land. Not sure what you are asking about laws that "stop this". In FL most housing law other than zoning is preempted at the state level.
I was wondering if you were still alive.
Yes, my available time in2023 was limited and I chose to focus that on the MH New Buyer course. This year you will see more videos.
Hello.. How can I speak with you by phone? We're moving to Florida soon. Thanks
@@RussellWatsonFMHL OK tjanks
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 23,000 subscribers I would be quickly overwhelmed if I tried. If you have a specific question, related to a video, just put it in the comments 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.
Our FMHL website offers more resources: www.floridamfghome.com/