In Part 1 we showed you how to search for and identify "TINY SPACES" that have tremendous potential for gentrification, value enhancement and much
"BIGGER PLACES"
In Part 2 we offered up some very creative ways you could remove the old "TRAILER", "MOBILE HOME" or "Pre HUD MANUFACTURED HOME" and with a little imagination recreate that Tiny Little SPACE with a nice new BIG PLACE by utilizing CUBIC FOOT instead of focusing on the SQUARE FOOT.
Now Get Ready For PART 3?
If your one of the lucky ones fortunate enough to own a home on the bluff over-looking the beautiful blue Pacific you're probably looking at around $2000/sf for a scraper on the North San Diego County waterfront. Or to put in much simpler … (5 comments)
manufactured home buyers: Tide Changes for Manufactured Housing
- 01/09/13 11:50 PM
Tide Changes for Manufactured Housing Thsi is a repost that I think any AR members who have dealt, are dealing or could be dealing in the future with Factory Built Housing. Article Stock Quotes Comments MORE IN COMMERCIAL » smaller Larger facebook twitter google plus linked in Email Print Save↓ More By A.D. PRUITT And DAWN WOTAPKA Shares of manufactured-housing companies were the big-ticket stocks for real-estate investors in recent years, faithfully posting double-digit annual returns. But now, some investors have soured on the sector. Enlarge Image UMH Properties UMH Properties-made home in Brookview Village, outside Saratoga, N.Y. Stocks of the biggest operators … (0 comments)
You really need to be more concerned about the condition of such and old mobile home before you do. There are a lot of things to consider when purchasing a pre HUD mobile home (built before June 15, 1976), the most important being financing. Unless you're paying cash I'd look into securing a chattel (personal property) loan before you commit to a purchase. Chattel loans for homes this old are very difficult to find. If you do find a lender they will usually require a huge down payment, will demand a very high interest rate and will … (13 comments)
IMPORTANT NOTICE Please Take This Seriously If you are a RE Agent, Broker, Lender, Home Inspector or Appraiser but most importantly a potential HOMEOWNER and are or plan to deal with the purchase and financing of a Manufactured Home you need know about this. HUD AUDIT REPORT: Issue Date; Sepetember 24, 2007, Audit Report Number: 2007-KC-0004 TO: Brian D. Montgomery, Assistant Secretary for Housing – Federal Housing Commissioner, H FROM: Ronald J. Hosking, Regional Inspector General for Audit, 7AGA SUBJECT: More Than 80 Percent of Recently Insured Title II Manufactured Housing Loans Are on Homes With Substandard Foundations HIGHLIGHTS … (2 comments)
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