this is a post I copied maybe it’ll help
Well this was strange…long
Author: Greg Meade (—.dhcp.embarqhsd.net)
Date: 09-23-06 12:35
A local MHP in Belleview, FL, The Briarpatch, gave notice to all tenants last summer that the Park was sold and tenants had 1 year to vamoose. We moved several and got phat checks from the State for doing this.
Well, I bought a 94 General 28 X 76 4/2 out of there last week from a local lender and when the crew went to remove the repo, there was a chain across the main drive. Went to owner, Gail, and she tells me the Park has been closed since July1. THERE ARE OVER 40 HOMES STILL THERE!! It was eerie driving thru there. A/c’s are there, all apps in all homes we entered. CARS STILL PARKED IN THE CARPORT!!!
About one third turned over titles prioer to splitting, the rest just walked away. Gail told me to remove home and police the area when done and we can HAVE any homes we want with the caveat we clean the site to the dirt(pull all anchors, pipes etc.) The 10 or so with titles we will take to resell, but the others we were gonna pass on…
Until I got an idea…so I called Marion County Building Department and asked " Do i need title to the home to place on land and develop to CO (Certificate of Occupancy). NO, i just need HUD plates or Data Plate for Wind Zone, so i called my insurance agent and asked if i can insure the home…yes if I have notarized Bill of Sale.
We will place these homes on small, dirt road lots and sell with RP stickers (Real Property) As is/where is. A sample of the homes? 91 Redman 4/2 28 X 68, 89 Guerdon 28 X 56 3/2, 1995 fleetwood 14 X 70 2/2.
These are nice homes…is this typical of closings??? I love it!!!
Any ideas on where to get a list of MHP closings in FL? What do you think, is this weird? Or an opportunity? Does it seem ghoulish (hey it’s close to Halloween) to benefit from other’s misery? Seems like good business to me. As a licensed Dealer we may NOT sell any home (even on land) without “clear title”. But as individauls we can buy land and homes and sell with or w/o title with full disclosure. Give me your gut on this please.
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I recently purchased a 100 site park with only 15 homes in the
park. We are trying to strategize the best ways to fill the
vacant lots. Our priority is to fill the park as quick as
possible so we are considering trying to work out some sort of
deal with one of the new mobile home dealers in the area to
either sell new homes on site, or for them to refer buyers to
our park. The park is located in a busy suburban area on a
main highway and there are actually 6 mobile home manufacturer
dealer stores within a 2 mile radius. (Clayton, Luv, etc.)
My question is two-fold:
- What do deals with dealers like this usually look like? Are
the dealers usually paid some sort of incentive for placing
homes in the park? Or are they giving the park some sort of
kickback? Bascially… what kind of leverage do I have here?
It seems it would be beneficial for both parties, but I am not
sure what kind of deal I should be looking for.
- Is this even the best idea to fill a park? There are
probably more profitable ways to fill the park without the
dealer… but as I said before time is a factor… I need to
fill quite a few spots within a 1.5 year timeframe.
Any replies or advice is much appreciated!
Post Edited (08-14-06 08:24)