Posted by Pedro Gonzales on January 15, 2003 at 01:42:07:
Thank you for your input. With the assistance of a couple local veterans, am investing in my first mobile home (and am quite excited about the prospects of serving a need/profits resulting thereof!) in a family mobile home park – park rent of $410/mo – in a rural part of the Puget Sound area (town of “Gold Bar”).
The mobile home is a 1978 double wide 20’ x 55’ three bedroom / two bath model. The place, in my opinion, looks pretty trashed out. These are the following needs: Need to hire some “maid brigade” organization to completely clean this thing out (four people at about four hours together for around $100?). The ceiling/walls could use a spray painting (has water stains–particularly in the bathrooms); heard could get this done – would like in “eggshell” color – for $500?; new carpet/pad needs to be put in (Ron Legrand – in his wholesale/retail CDs – says you can do that for $1/ft?) approx $1000?, it could use a new door – the small window is busted out, and the outside could use a quick spray paint job (another $500?)-- suggestions, should do in simple white or two-tone it?, the yard needs “sprucing up” – lawn mowed, with some beauty bark and perhaps a couple rhodendrum plants (native to this area)on either side of the steps leading to the front door. Those steps leading to the front door could be painted (suggested color?)-- just plain natural wood (the kind with asnic injected into it) right now. The dishwasher needs new springs, or maybe I should just break down and have a new one installed $300. Would like to put a ceiling fan in living room, and blinds for the windows, full length mirror for adult bedroom. Electrical outlets need covers. The only soft spot in the whole house is a littl corner area near the bathtub. Has anyone every installed inexpensive shutters around front windows – heard this helps with single family houses & wondered if would have positive impact with mobile homes? I don’t expect the place to be the “Taj Mahal,” but ideally, would like to provide quality place to help move the place quickly, and provide for some decent housing for a young family. As mentioned, am pretty much a “virgen” with this business. I bought the house for $4000 from a helpful wholesaler (who’s holding my hand through this whole process), and ideally would like to sell for $19,500 on ten or fifteen year terms. I’ve just ordered the two books offered by Mr. Strutts, so you can see that I’m pretty much going into this in a “baptism by fire” sort of fashion. I welcome suggestions and comments from anyone reading this.