Hi Dimitri,

Well done on taking the initiative to start marketing! I will base the rest of my response on the assumption that this home is attached to real property. If it is not then pass.

Depending on the seller motivation and you ability to paint a clear picture in the seller’s mind of how you can help perhaps the seller will extend a combination of purchasing the home subject to the underlying mortgage, plus seller held financing, plus a small amount of cash at closing. Or perhaps an option on the property is better suited if you can find a buyer to qualify for FHA or conventional MH lending. Are you familiar with all of these methods and how to present them to the seller in a clear manner?

If the seller only wants cash I would pass on the deal unless you can get it under contact for less than $65k. How recent and comparable are comps? How did you come to find these comps on price?

Hope this helps. Please let me know any feedback or followup question you now have.

Talk soon,
John Fedro

Hi Cristina,

I will aim to reach out to you later today.

Talk soon,
John

Hi Jenna,

Thanks for commenting. Any questions you have don’t hesitate to let me know.

All the best,
John

Hi Shevaughn,

Thanks for reaching out to me on this issue. Congratulations for taking action to get educated to help others locally. The paperwork for purchasing mobile homes on private land VS. inside mobile home parks does differ from state to state. You mention getting access to the forms we use in TX. If you are talking about investing in mobile home inside parks then please see the link here about buying and selling in TX. https://www.mobilehomeinvesting.net/texas-mobile-home-ownership-transfer

There is some useful info on this link however our personal contract, scripts, agreements, and trust paperwork are reserved for investor-members that also have access to the our training program teaching them how and where to use each form. I hope this makes sense and helps. If you are still confused don’t hesitate to reach out.

Talk soon,
John

Hi Jacq,

Thank you for reading and commenting. I am happy to help where I can. One of the first things I ask from everyone I help with training is that they get a 30,000 foot view of the area and market. Knowing/working with local parks should not just be confined to one or two parks, but rather every park. I do know of multiple parks in the Killeen, Austin, Round rock, San Marcos, and SA areas that love to work with investors – they love working with anyone who pays lot rent. I found these parks online and by car. My advice is to start reaching out to all parks and introducing yourself and what it is you do to help them. From there you can find out if they have any empty lots, fsbos, move-in incentives, etc. You will likely find many parks that I don’t know of as well. I hope this helps and encourages you to become the go-to mobile home person in your specific parks and areas.

Talk soon,
John

Thanks for stopping by Max. If you have any specific investing questions don’t hesitate to reach out and ask.

Talk soon,
John

Hi Dovie,

Thank you for reaching out and connecting. I regret to hear that your buyer backed out from purchasing your home. This is common I am sad to say. I did locate your listing however there was no description listed so it has been removed from the system. If you wish to relist please add and make sure you have a detailed description describing your property, all repairs, and your contact information. Now that we got that out of the way let’s aim to help you get your property sold. A mentor a long time ago told me, “price cures most worries”. If you are having trouble selling your mobile home than the market is speaking and letting you know that it is a bit overpriced and that no one has the cash at this point to pay the price you are asking for your specific home. Keep in mind that tax time is coming up and if you are able to hold onto your home for a few months you will likely get it sold close to what you’re asking. If you lower the price and advertise the property as thoroughly as possible online, off-line small newspapers with yard signs around town, and even letting the park manager know the home is for sale this will be the best to let many people know about your home as possible. I hope this helps and points you in the right direction. If you have any follow-up questions or concerns please never hesitate to reach out anytime. Always here to help.

Talk soon,
John

Hi George,

Thank you for commenting and reaching out with your great questions. The reason I mention Washington DC and Hawaii is due to the fact there are little to no mobile homes in these areas. While in Washington DC you are able to drive to nearby states, this is obviously much more difficult on the islands.

You are correct that I have been fortunate to work with motivated and hard-working investors around the country. I am helping some folks in California and you are correct about the licensing requirements needed in your state. The folks I am helping either obtain their licenses or choose to invest for a short while prior to getting started on their licensing. With that said, obtaining your license is obviously a good idea and will only help you rub shoulders with other active investors in park owners around the state.

While this answer is not lengthy I do hope it points you in the right direction and does make sense. If you have any follow-up questions or concerns never hesitate to reach out anytime. Always here to help. Keep in touch.

Talk soon,
John

Hi Steve,

Thank you so much for commenting and reaching out about this issue. You are absolutely correct that these forms are no longer provided or given out with this video. The only mistake is that this video is older and has not been taken down as of yet. With that said the only forms I make available are to people I’m working with one on one. In addition to these forms there are tutorial videos showing you how, when, and why we fill out these forms and what they are used for. With all that said I apologize that these are not available for the general public any longer. Moving forward if you have any specific questions or concerns about these forms or agreements never hesitate to ask me anytime. With you are member of my training/mentoring or not I’m always here and happy to answer any questions for you, minus providing the paperwork of course. I hope this all helps and make sense. Keep in touch moving forward please.

Talk soon,
John

Hi Reynette,

Thank you for reaching out and connecting. When you call up traditional home inspectors ask if there is anyone available on the team that has experience with regards to manufactured homes. Having someone experienced with manufactured homes is better than nothing, however even a traditional home inspector will be able to thoroughly look through your mobile home and give you a very very very good understanding of what you are buying, current repairs needed, and potential problems down the road. I hope this helps and starts to point you in the right direction. If you have any follow-up questions or concerns please never hesitate to reach out any time. All the best.

Talk soon,
John

Hi Daniel,

Thank you for reaching out and connecting. I very much regret to hear about the situation that you are in. It absolutely sounds like you are taken advantage of, and probably by more than one person. Additionally, I do not know many people that prepay one year of lot rent however I definitely understand that you would want all your money back and to get out of the deal. I would absolutely encourage you to reach out to a real estate attorney in your state and the state that the mobile home is located in. Explain the situation and how they would advise to proceed forward. It depends on what paperwork you have and anything else you may have in writing or messages back and forth between you and all parties involved. However depending on the amount you paid this money may be long gone and even if you get a judgment you would still have to try to collect from the seller. With all this said, I definitely wish you all the best of luck. Additionally, if you ever have any follow-up questions or concerns never hesitate to reach out any time. I’m certainly no real estate attorney however if I can provide any advice or help I will certainly try. All the best. Keep in touch.

Talk soon,
John

Hi Jaden,

Thanks for reaching out and connecting. Thanks for following along. Right on about your young age! Additionally, that’s fantastic about the $70,000 around the time you are 19 or 20. With that said I hope it’s not from a potentially negative event that happened in the past. Either way glad to hear that you’re being smart enough and prudent enough to ask around to get opinions on what to do with the portion or majority of this capital. $70,000 is certainly not a little bit of money, however it can be spent extremely quickly when it comes to real estate. I would encourage you to look towards commercial real estate however use the does have its pitfalls with regards to lack of experience. The best piece of advice here I can give is to go into deals with local experts who put up just as much money or more money than you. Learn from everything they do and do not do. Make sure to be following people who you of vetted and are serious players and successful. As far as how to make $130,000 your very first year, there are number of ways to do this however I don’t believe I should tell you how to do it. In reality, this task can be quite difficult and in no way answered in a simple comment reply. However I do hope I have given you some things to think about moving forward. As always if you have any follow-up questions or concerns please never hesitate to reach out any time. All the best.

Talk soon,
John

Hi Michael,

Great to hear from you. Thank you for the detailed reply. It’s good to hear more about you. Congratulations on being bicoastal. It sounds a you are certainly a very good position with regards to your property in Los Angeles, financially speaking. With regards to investing in the Southern California market there are a few different types of opportunities you can go after with regards to mobile homes. I made a video talking about the three levels or tiers of mobile homes inside mobile home parks. Some of them you can purchase and sell on cash flow to recoup your money within a year. These homes are absolutely possible when you do drive inland away from the coastal areas. However even closer to the coast you will find some opportunities over time, especially in more senior dominated parks. There are other mobile homes which you can purchase for significantly higher prices and the all into them for $50,000, these homes you can sell for over $100,000 or considerably more in coastal areas in Southern California. With that said you will absolutely have a large territory in your area due to the fact there are so many parks to get started with, and I would like you to stay in parks with lot rents below $700 to start. You mentioned about investing in the Midwest, every state has its advantages and disadvantages however it would be ideal to be surrounded by mobile homes and mobile home communities as much as possible. I hope this all helps and makes a bit of sense. As always, if you ever have any follow-up questions or concerns never hesitate to reach out any time. All the best.

Talk soon,
John

Hi James,

Thank you for reaching out and connecting. Thank you for the kind words. Glad to hear you’re interested in this type of investing. You are correct the Florida certainly has its fair share of mobile homes in private parks and on private land. I would very much encourage you to make sure there are local comparable sales for new mobile homes attached to similar parcels of land that are selling for cash or bank financing in the area. If there is a demand in the local area and other mobile homes with land have been on the market not long before being sold then by all means it is certainly possible to connect a mobile home with a piece of land and self or bank approved financing. However we just want to make sure that there is a good supply of buyers in the marketplace and that we know our realistic/conservative exit strategy and price. I hope this helps and make sense. You will likely have many more questions and concerns now and moving forward. Never hesitate to reach out any time. All the best. Keep in touch.

Talk soon,
John

Hello A. Pace,

Thank you for reaching out and connecting. Additionally, thank you for the very detailed message says the certainly does help me answer your question a point you in the right direction moving forward. I very much regret to hear about the situation that you are in. Additionally, I am surprised that someone from a large group and co-owner of several parks would simply ghost and vanish without calling you back were being upfront and honest with you. It sounds as if you are on your own and the seller does not want to help you any further.

I’m not sure which state you are in that may or may not require titles however it sounds as if your real question is about the lack of pertinent information or any reference numbers with regards to this mobile home. One suggestion would be to use the previous physical address and call the state the mobile home came from to see if they contract down any information based on the physical address. If the mobile home was in a park than it may be wise to contact the park manager of this park to see if they have any pertinent information, however if it is from a park with the co-owner not calling you back then this may be a moot point. You have most likely looked at all the normal places to find the Vin number, sometimes it is pressed into the steel at the very front of the mobile home where the tongue connects to the front of the home. I wish I was a better help or could give you some sort of magic bullet with regards to instantly find the information regarding this home. I will mention one last suggestion, this one is not legal and I do not suggest that you do it however I do want to mention it in order to be thorough, a Vin number could be taken on a different mobile home that may be condemned or being demolished and used for this home that you own. Again, I’m not encouraging you to do this however simply wanted to mention it to be thorough. I hope this all helps and starts to point you in the right direction. As always, if you ever have any follow-up questions or concerns never hesitate to reach out anytime. All the best.

Talk soon,
John

Hi Ora,

Thank you for reaching out and connecting. Congratulations to your boyfriend with regards to purchasing this home a number of years ago. However it doesn’t sound like the closing process went through correctly as the person you bought the home from still has their name listed as owner on the titles. I do hope taxes have been paid in the meantime so that they are not past due and collecting fees or interest daily. In Minnesota you will definitely want to contact the Department of Motor Vehicles when transferring titles from one party to another. I’m very disappointed that they simply pushed you off and seem to pass the problem to somebody else. You are not the first person to have this issue in your area, and you will not be the last. With that said there absolutely is a procedure to correctly get your names on the titles in most states. Aim to gather up all the information that you can when you previously purchased the home and call or go down to the local Department of Motor Vehicles to speak with a manager in charge. They will let you know the correct paperwork that is needed to transfer the ownership from one party to another. Since it sounds like the mobile home is located inside of a pre-existing mobile home park, the mobile home park may be able to file for an abandoned title on the property. This may take an attorney, it may take some time, it may take up to $1000 to have this done however the park absolutely has the power (if they are willing to help you) to get this abandoned title put into the park’s name so they can transfer it over to your boyfriend. I hope this helps and starts to point you in the right direction moving forward. As always, if you ever have any follow-up questions or concerns now or moving forward never hesitate to reach out any time.

Talk soon,
John

Hi Noe,

Thanks for reaching out and connecting. Depending on your state there may be a few ways to come by this information. However with regards to purchasing a mailing list this site is pretty good. https://www.dietrich-direct.com/Mobile-Home-Mailing-List.htm I hope this helps and starts to point you in the right direction moving forward. If you have any follow-up questions or concerns never hesitate to reach out any time. All the best.

Talk soon,
John

Hi Brittany F,

Thank you for reaching out and connecting. I’m glad that you asked for the help of other folks as I’m curious to hear what other people make comment or reply to your question with.

I will course give you my thoughts. First things first, I very much regret to hear that you learned and found this out after the fact that the manufactured home is against the deed restrictions. I have my own personal feelings about breed restrictions however I’m sure you are not in love with them either. I have no doubt that the mobile home is gorgeous since it is brand-new.

Depending on your exact area around the country you may be in a very hot market with many buyers or a slow market with few buyers. Even more, the buyer will have to move the mobile home to their own piece of land or a dealership or lot that they own. Very much encourage you to cast a wide net and post this both online and off-line for regular buyers that wish to purchase the home for full price and then move it. You will course have to give them a discount however you can be flexible in the amount that you take depending on your motivation and time you have to get the home removed.

I would also encourage you to call local mobile home parks, movers, and most importantly dealers to see if they would be interested in buying back this mobile home. You will certainly take a loss however they will handle all the moving for you. When you talk to people over the phone you can ask them if they know of anyone that is purchasing used mobile homes. You may want to contact the dealer that sold you your home as well. Again, you will certainly take a loss as the home is brand-new however perhaps not too much of a loss depending on who you sell to. Ultimately the time that you have to sell will determine your motivation. I hope you have a while before the community starts imposing any fines.

Hope this helps some and makes sense. Moving forward if you have any follow-up questions or concerns never hesitate to reach out any time.

Talk soon,
John

Hi Brian,

Thank you for reaching out and connecting. If you are not experienced with mobile homes then you can definitely feel free to call a few local mobile home handymen and have them walk through a mobile home with you to estimate repairs. Make sure these handymen have a few years of mobile home specific experience. However, if you will be living in the home to purchase for yourself that I would encourage you to even hire a property inspector. Most property inspectors are used to inspecting single-family homes, so they will definitely go over and above when it comes to looking into every nook and cranny and telling you exactly what is wrong with the property. In fact they may scare you a bit too much. However it is better to have more clarity than less clarity with regards to a major investment like this. Moving forward if you have any follow-up questions or concerns never hesitate to reach out any time. Hope this helps and point you in the right direction. All the best. Keep in touch.

Talk soon,
John

Hi Lynn,

Very good to hear from you. Thank you for reaching out and connecting. My apologies about the delay in this comment reply. You likely have figured out what to do with the modular home. I regret to hear that you are not able to utilize the home in the first place. If you are unable to use this yourself sounds like you are trying to sell it. Contact all the local dealerships and mobile home movers to see if they may be interested in purchasing this home or may have a buyer that would be interested. Perhaps there is somebody with land that a mobile home dealership knows or is working with on consignment. You can then perhaps partner with this landowner to combine his/her land and your mobile home and sell to a bank finance or cash buyer. This is just one strategy of course. You also want to get this on the market online as much as possible as well. Hope this helps some. Keep in touch. All the best.

Talk soon,
John