@alishacollinsrealestate: Replying to @pandaa_1320 One of the biggest mistakes homebuyers can make? Buying a mobile home that’s not on a foundation in a mobile home community where you don’t own the land. 🚫 Why? Because you’re at the mercy of the community’s lot rent. If they decide to raise the rent significantly, you could find yourself unable to afford living there anymore. 💸 And here’s the kicker: in some areas, you could even buy a house with a mortgage payment that’s less than the combined cost of lot rent and a mobile home payment. Always think long-term and consider the potential risks when investing in a home like this! #HomeBuyingTips #MobileHomeAdvice #RealEstateMistakes #ThinkAhead #FinancialPlanning #BuyerBeware #alishacollins #realestatebestie #casperwyomingrealestate #casperwyoming
I live in an area where they cannot raise the rent by more than 5% per year. Homes are 500-800k our mobiles are 50-150k You do what you have too.
2024-11-22 14:21:41
21
Lise :
I bought a brand new mobile home and had to put it in a community my lot rent is 225 a month it's my house bill that's high.
2024-11-22 03:47:21
0
Dave :
Don’t buy anything where you don’t own the dirt
2024-11-22 16:18:07
199
jodi420foreva :
I own 5 acres. last year I bought a brand new single wide for $80,000 and put it on my property. my note including insurance is less than $800 a month
2024-11-22 14:00:10
17
wizechoice4u :
Or the owner of the community decides to sell the land. Heard this just happened in Florida where there are 900 homes.
2024-11-22 01:29:59
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sirenstargazerart :
it would probably be a better idea to buy a small empty lot and put a manufactured home on it. a neighbor replaced his old house with one and some of them are quite nice!
2024-11-22 04:33:01
12
JC Runs :
In Phoenix, one of these communities changed land owners and now the new owner gave two years to the people to move out the mobile homes. Moving one of those is very expensive
2024-11-22 03:53:33
9
CB1946 :
Sometimes it’s the only affordable option for many people. I bought my double wide 3 years ago. The value has gone up $25,000. My park rent is $555, amd has been the whole time I’ve been here.
2024-11-22 15:11:04
2
Jamin🇺🇸 :
vs a two bedroom apartment for 2,500?
2024-11-22 08:45:11
29
deborahmillington :
Yes they can raise the rent, and yes the property owner will “trade” the home for back rent upon eviction, worked for a company that owned 17 Mobile home parks. Stick built always.
2024-11-24 02:59:38
0
🙌👏🙌 :
I agree it's a cheaper route, but may become a headache later down the road..
2024-11-22 20:11:02
9
eNCgoofis :
raise the lot rent so they can't afford it, put a lean against the home, negotiate forgiveness of debt in exchange for the home. rent out the home that the land owner now owns.
2024-11-22 05:46:40
23
the_landlord_coach :
Rents have tripled & quadrupled in our area since 2020
2024-11-22 04:08:47
40
Bethanne Mcclain :
Got mine for 33,000 and it has gained equity and yes sp. Rent was cheaper but been 25 yrs and now sp. Rent is 1,175 still cheaper than anything else.
2024-11-22 17:21:22
6
The1AO :
Well I bought a stick built home for $400k. The community I live in raises property taxes ever year. Currently I pay $740/month in taxes that go up every year. Home goes up in value. But if I don’t pay them, the city will take my house away.
2025-06-28 01:24:27
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Sandi Olson :
We bought one in a park in 2011 because it was less than an apartment. Paid 40K, just sold for 150k. Wouldn’t do it now but at the time it made sense. Market is very different now.
2024-11-22 04:04:52
9
user901859837595 :
The average list lease fee in my area is $1300/mo! And it’s not tax deductible!
2024-11-22 17:54:19
6
TedCat0 :
I am lucky to own a 1979 mobile home in a rent controlled (3%) senior park in California with lots of protections. Current lot rent 1,000. Stick built homes across the street sell for 1.2 million!
2024-11-22 11:01:39
9
aw0521 :
in northern va the lot rent is $1,650/month
2024-11-23 01:44:16
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willie :
i boight my single wide on land as a package deal. self financed and paid it off. got a new manufactured home put on lot in 2009 after removing first home
2024-11-23 13:29:05
1
birdsofpennsylvania :
correct... think of manufactured homes (trailers) as a vehicle (they are taxed as vehicles). Their value only goes down. Then if they are parked on someone else's land in my opinion they are a headache and worthless.
2024-11-22 06:55:19
0
Marilyn :
Depends. In PA my manufacturer home has doubled in value. Have all kinds of amenities. Don’t even need to own car, good for seniors. Cheep taxes too
2024-11-22 14:20:40
0
So cal life :
California is different my father bought a manufactured home with lot rent in the year 2000 for 78k it’s now worth 380k 25 years later .
2024-11-22 22:49:20
1
Jessica :
my husband and I bought a doublewide moved it to its own property . my son and.his babies rent it from us. he'd like to buy it from us ..would it build equity for him over time? it's anchored but no foundation.. do not want to steer him wrong.
2025-06-15 23:01:03
0
keellllyyyy17 :
My dad got evicted and they removed his trailer and then he got a $6k bill from the impound lot since he was the legal owner. He never paid, still waiting to see if they will come after him
2024-11-24 17:14:28
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