Suppose you bought a mobile home with a $500 monthly payment, then added a matching carport, screened patio, storage unit, and air conditioning that increased your payments by $300 per month.  Next, you put it in an upscale planned mobile home community, paying an additional $500 per month for your lot.  Your combined payments would have soared to $1300 per month and your costs would approach those of owning a conventional home.  To your chagrin, you would discover that nobody wants to buy your mobile home and to absorb these costs, so you give up and move out.  This triggers a cascading series of repercussions creates a lot of opportunity.

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          Just about everything that a person can do with a conventional home can be done with a mobile home.  You can find homes to rent or buy simply by canvassing mobile home owners.  Keeping in mind that Mobile Homes are personal property and not real estate, real estate laws that would preclude a person paying another person for performing real estate services without a license don’t apply.  You can turn mobile home park managers into “bird dogs” by paying them for leads to motivated sellers.  You can hire capable unlicensed people to manage a collection of mobile home rentals.  When maintaining a Mobile Home, because of restricted space, repairs can present a challenge.  The good news is that you can make extensive repairs without the need for permits or licensed workmen.  Where you interface with utility connections or public throughways you will have to be careful to meet all the requirements, but otherwise, except for safety and minimum housing considerations, local building codes usually don’t apply.

Continue reading “Everyone Can Get Into The Act”