✳ 13 Affordable Home Lies!…NEVER Buy A Cheap House Without Knowing This! - kzfaq.info/get/bejne/h7Wkiq-UldWnlY0.html ✳ Absolutely NEVER Buy This Type Of Home - kzfaq.info/get/bejne/oduZaa1n1KithGg.html

Dont buy unless you own the land beneath you!!!

Living in a mobile home is better than living on the streets.

Bought a double wide manufactured home on a large crawl space, well, septic, 1 acre across the street from a corn field. Absolutely beautiful and peaceful. Our first home in our mid 20s only 115k mortgage of 750 a month. I must say, as a young married couple we feel as if we are winning, even on a 30 year mortgage, we are catching up financially so much quicker than a 1k rent apartment. (That’s just the rent 😂) we feel like we are finally getting ahead to move forward in our next step in life, and that’s if we even wana sell this peaceful place!

My parents downsized and moved south in the early 80's. They bought a parcel and a single-wide mobile home. I believe they were able to pay cash in full or almost in full. Since dad had been a building contractor for many years he knew what to look for. He enlarged it some, added a screened porch and 1/2 bath. It's about 40 years old now and still standing

Before too much longer, tents are going to start looking like "winners."

It’s a tragic situation what is happening to the mobile home communities. I have considered downsizing to a mobile home but changed my mind because of this. It’s a crime these greedy investors and corporations can’t be satisfied pricing out the middle class of basic housing, now they have to gouge the poor and senior citizens who can least afford it. This bs has to stop.

I am a senior citizen who thought I had it made when I bought a used mobile home for $10,000. My lot rent at the time was only $160. I could afford to pay for yard maintenance. I loved living there, but as time went on, utilities went up. Little did I know that my insulation was rotting away within the walls. Over ten years my lot rent doubled. By the next summer it would have increased to $480 monthly. Thank goodness I found a nice little apartment in subsidized senior housing. My social security is $1200 and I pay 616 monthly, but I don’t pay for yard maintenance and my utilities are very inexpensive. Meanwhile the trailer park did not give me a cent for my old trailer and now they are charging people $500 for demolition of trailers they can no longer afford to live in, so I missed that financial disaster by a hair. As much as I enjoyed my trailer, I am very thankful to be living in this apartment now.

Thirty yrs ago our modular homes were on rented property . When the opportunity arose to buy the land we bought it fast . So thankful we did !

I have been living in my manufactured home for 21 years now. It's a triple wide and I bought it on the internet. It's 2,500 sqft on a cement slab so it's considered a permanent home. It's also on my own property, 2.5 acres of land.

I lived in a mobile home built in 1955. Outside is aluminum, and it looks almost as good as the day it was made. Everything is made of Aluminun, doors, windows, roof, even the shower wall, etc. The oil furnace still works, stove still works, etc.

I worked maintenance in a major mobile home manufacturer. I can tell you horror stories. Rural property can have water available. It is here. I bought my property, 2 beautiful acres, a stocked pond in front yard, water, septic and power already here, 10k, building a small house now. I'm living in my camper till it's finished I'm buying as I go, when I put the last piece of trim on,,,IT'S ALL MINE!

I bought a 1995 mobile home in 2008 on bought land and lived there for 14 years. It's horribly expensive to cool them. I eventually had to shut all the bedroom/bathroom doors, install a window ac unit, and sleep in the living room with a bunch of fans going because I couldn't afford to cool it with the central ac unit that came with it. I had great neighbors at first, but when they moved, horrible ones moved in. That was when I realized I was essentially living in a cardboard box. They would be standing in their driveway having a normal conversation, but it sounded like they were in the same room with me. They also played loud music, set off explosive illegal fireworks, honked their horns, and were up until all hours of the night. It was as if the sounds were being sucked into my mobile home and amplified. I don't even know how that's possible, but I've never lived in a regular house that had an issue like that. I moved a year and a half ago. Never again.

Years ago we bought a few acres of land in just outside of Seattle with a mobile on it for $150k. Today, that property is worth $400k and is a rental making great money. The last stick built home sold on our street was $750k. Don’t turn your nose up to mobiles.

Hi, when we moved to FL after I retired. We paid cash for the new manufactured home. VERY BAD MISTAKE!! Every year our lot rent went up and there was nothing we could do about it. You are at the mercy of the property own.

I moved my parents' 1300 SQ ft lakefront mobile home from a rental slum Lord park to private land lot that they purchased for $9k. The teardown and move and reinstall was expensive, not just the few thousand that you quoted, @Jerry Pinkas. And I used a reputable mobile home installer who had been in business for 40 years. There were so many more costs on top of it such as sewer, water, electric installation on a bare lot. Tree removal. Permits and inspections. AC ducts and connection and cement pad pour. I oversaw or did the rest of the upgrades and repairs myself. We sold it shortly thereafter. Former park tried to sue us. They just never had anyone pull out their property before. Once a mobile home is moved to private land in Florida, it becomes REAL ESTATE instead of a MOTOR VEHICLE. You pay taxes on the lot and home, etc.

There is nothing more beautiful than a professional giving sincere advice to help his community. I appreciate you sir! Thank you!

I'm low income & really want my own house. So I thought a manufactured home was my best bet. It was a nightmare trying to get a conventional mortgage. I found out early that parks due to possible large rent increases could also wind up being a nightmare that could cause me to loose my home. Trying to find a cheap piece of land to put it on was not cheap but very expensive. Eventually I found a stick built house I could afford & had no problem getting a conventional mortgage. It came with a 1/4 acre of land. I could not be happier. I use to be a renter & got out right as the rents began skyrocketing. Now as long as I pay my mortgage I have an affordable home where the price will stay the same & won't constantly be going up & I now have an an affordable home for the rest of my life.

As someone who lived in mobile homes for 21 years, I was prepared to be skeptical, but Jerry's information is solid. Great tips if looking into manufactured housing! I would add a couple more. (1) Don't buy into a "rental park." Look for mobile home communities where the residents own the park or the land. That way, no one can sell it out from under you. (2) If you're considering an older home, check out what homeowners insurance is available. If a home is too old, you sometimes can't get it insured. Thanks, Jerry, for an excellent video.

I knew a man, whom bought hundreds of acres and put a mobile home on it. The mobile home, fell apart, slowly, then rapidly. Fortunately for him, the land value increased, so, So, he had it replaced with a stickbuilt home, after 20 years.

That is why my car is going up in value......it's becoming the affordable housing.

Imagine if investors bought all the markets where you buy food and doubled the price on everything. You complain and they tell you “if you don’t like it , don’t buy our food” but there is no place else to go. That’s what’s happening with mobile home parks.

My cousin out in Arizona (retired mining engineer so vey smart) bought a manufactured home and put it on a slab and he's been there for 10 years and is very happy. No issues. He added a large garage attached to it with a breezeway roof where he can park 2 cars in the shade.

Great advise. I don't know if this will help anyone but my wife and I took advantage of the housing boom and sold our stick built in town home and gained a great profit. We found 5 acres in the country and bought a manufactured home and couldn't be happier with our decision. Our home is awesome with a large deck and great for entertaining. We were able to have a nice new home and wipe out a chunk of debt by selling our in town home. Everything Jerry said in this video is accurate, pay special attention to the finance portion, we pulled out of the process with our first bank as we educated ourselves and were able to find a local lender to work with and saved a point and a half interest by shopping around and talking to several lenders.

I used to move mobile homes of all sizes when parks closed or brought in new rules or requirements, it was extensive and expensive. A mobile home is not really as mobile as it sounds, many have porches or external structures which must be dismantled and then you need to disconnect utilities and hope the axles and frame of the mobile is road ready which can add thousands to the move cost. Then when at the new place it all has to be reassembled and reconnected to utilities which may not be located the same, requiring adjustments, and more expense. For anyone who anticipates moving, park models or fifth wheels are great because if a serious storm is coming you can unhook in a couple hours and leave, and if a unscrupulous land owner decides to sell or raise your lease you can just unhook and move elsewhere without all the hassle of a typical "mobile" home move.

Best option: find a manufactured home already set up on a piece of property. I did this when I retired in 2017. Value has more than doubled since then. No regrets.

Sears back in the day sold houses out of their catalog that were better than these trailers .

I saw a documentary on trailer parks where investors realized people were getting too good of a deal and so are buying them up and like doubling the lot rent. The cost they quoted on the documentary to relocate a mobile home is $17,000!

I've lived in and worked on mobile homes half my life, I'm 70. The older ones were made of glue paneling and staples wrapped in a thin skin of aluminum, the roof was covered in galvanized steel, guaranteed to rust in under 20 years. The newer ones are covered in a material that should be outlawed as a building material, press board. Their garbage, the outside walls buckle and rot, termites think it's candy. The floors are made of chip board and when ya get them wet ya get big holes in your floors. The plumbing is made of plastic tubing like garden hose running through the walls. Save your money and buy an OLDER real home... Your Welcome...

One thing I found when looking for an affordable home. There are parks where you can buy the home real cheap, the problem is the HOA fees are real high. Don't get tricked into buying one of those without knowing the fees in advance.

My husband wanted to move here in a mobile park 55 and older.My husband passed away about a year after moving in.It’s beautiful inside but I started doing the landscaping.When I started doing the landscaping in the back. I never realized the roots from a Maple Tree are as large as the tree Trunk.They are literally going around the whole back of my house.A Maple Tree should never ever be planted near living quarters because it will actually lift it off of your foundation and move it.Ruins patios,sidewalks,driveways,everything you put around you’re home it will ruin.The owners told me “someone will cut the roots.So when the tree dies they pay for it.Never came now I was told I am responsible for it. I will definitely fight until my last breath. I am responsible for my property, I take care of everything my landscaping looks great.Except for the back I never realized those roots are destroying my living quarters. I put porcelain tiles underneath the carport so it’s a nice patio.Then on the side I had some one put pavers down.That’s when I realized about the roots of that tree. I read every thing about it.Also it stated 90% park will refuse to pay for the tree removal. It never was disclosed in the contract if my house was being destroyed by the land it’s sitting on top of paying $600 to be on that land they own. I would be the one responsible for that land. I definitely take care of all the surroundings around my home.But there property is destroying my home. I definitely don’t have the money they have for sure.But to disregard it like I don’t know what to tell you, it’s your responsibility.That was never ever in my contract. I will fight until my last breath about it.

We bought a 1969 MH on acreage. Our plan was to replace with a new MH, but we decided to live in the old one and see how it functioned. Years later and it is still good to go, and our property taxes have remained low.

Mobile homes have a stigma attached to them, but if you're not concerned about investment, they're not bad to live in. Many have pretty impressive floor plans with not a lot of wasted space, whereas many huge custom homes have bad floor plans with wasted space everywhere. Good video.

Ive been in my double-wide for 21 years. It’s not the greatest. But it’s solid and meets the wind standards for where I live (Tallahassee, Florida). Even being a lower priced home, it’s been worth it. I own the land. And the only major maintenance has been a floor repair in the bathroom and a new roof about 5 years ago. Most site built homes of the same age have needed a new roof as well. I replaced the shingles with a metal roof. I’m happy with it. Mobile homes are a viable, affordable option, especially if you already own the land.

Came across your videos. I have followed exactly what say and took 400k and turned it to 7 figures in 6 years living well below my means. Now at 43 I can live how I want. I hope more people can live this way instead of spending thousands on ink to look cool and driving 100k plus cars they can't afford.

Thank you for the update information. I owned a 14X70 Singlewide during the 1980's. I absolutely LOVED IT. It was perfect in size for my family and the payments under a VA were only $340.00 a month, plus $75.00 lot rent. That will never happen again. Take Care Everyone.

I worked my career in the mobile/manufactured home industry for 32 years. One reason mobile/manufactured homes survive storms better than stick-built homes is that these homes are built in the factory to survive a 5.5 earthquake (during moving down the road). I started my career in a factory...been there, done that.

15 years and loving it. Your best option, if you are able, is to put it on a piece of land you own.

Excellent video, Jerry. A great strategy is to form a co-op like we did here in Bradenton Beach back in 2002. We're financially solvent and maintain affordable association fees for our residents. We actually turned down a huge offer last summer from one of those corporate sharks you spoke of. Saw them coming from a mile away. The other park in our town is not incorporated and just got sold to an investor and now those residents are looking at a bleak future. Very sad situation for them. Appreciate what you do.

Great video explaining things and correcting some misconceptions that most people seem to have. My wife and I bought a 40-yr old manufactured home in the mountains almost 3 years ago to enable us to retire early. We were picky though, as ours has plywood subfloor and standard 2x4 framing throughout (definitely not standard for the era of the home). I am still working (we're about 4 years from our planned early retirement) and the mortgage is 5% of our income. We're about 75% through remodeling the place and making it how we want (plus upgraded insulation everywhere, etc). Home will be paid off next year (been paying roughly 4x the mortgage monthly). We've been practicing living on our retirement income since we moved (all the extra income is going to the mortgage, 401k's, etc) and it's been good for us. I wish we'd started living below our means much sooner!

You're spot-on I've lived in Waimea manufactured home and my property for 30 years worked very hard to keep it from my ex-husband and his lack of paying the mortgage many many times and have recently paid it off and have now remodeled my home is 1800 square feet on Two and a quarter Acres of beautiful land and I've invested a lot of money but I love this house. I still get people when I say I have a manufactured home that's cringe their noses but I have seen site-built homes that are a mess I wonder when this opinion is going to cease. When people walk into my home they go oh wow it's beautiful I brought my premature baby home who is now 26 years old to this house it's seeing me through windstorms and a bad marriage and I'm now 60 and it will be my retirement home. I've been lucky I've had inherited says that have been given me the ability to pay it off and do upgrades just like any other home

I get sick when I see young people fork over 40K for trailer in a mobile home park. Had a young coworker fork over 40K for this dumpy trailer in mobile home lot. Less than a year later. The park sold to an investment firm. The investment firm announced a new larger minimum size requirement along with a 150% lot rent increase! Apparently, you are not grandfathered in when ownership changes. When he looked around where to move. No soap. The nearest place was over 70 miles away cost almost 12 K to get there. He ended up using his mother inheritance to pay off the note. Just to watch a front-end loader crush it. No surprise he was not the only one person in the park who got screwed. Some trailers were 1960's vintage, and they were sublet for years. The financial company. Ended up putting storage units up on the now open lots. NEVER ever buy in a mobile home park. When I retire soon. I will buy on a 2 acre land I own. I will set it up for myself to basically die in. My Nephews, who are like sons to me can loot what they want out of the place. Crush the rest. I will build a pole barn. Then the boys will have a peace of land they can do what they want with.

Please, don't stop doing what you do! We all need someone who knows what's really going on to inform us. Honesty has been taken hostage and is being held in the museum of dead language.

I bought my 80x30 twenty years ago… island kitchen, massive master suite, four bedrooms, two bathrooms… brand new delivered for 57 thousand dollars… paid in full on paid off land… best investment I ever made… now I Airbnb the three empty bedrooms… put it on your OWN LAND…I got the 2x6 exterior walls and ran 13 concrete beams front to back… absolutely love it

The land option is a tough one since very few communities allow mobile homes to be placed ANYWHERE except a zoned mobile home park.

What a great phrase. Living beneath your means. Its a way of life that had me come out of a serious medical issue with more money than I started.

Good tips here. A few points to add-on: 1. When buying land, don't just look at zoning, but what kind of zoning is permitted to the mobile home/size of the mobile home. I had a friend that bought a single-wide to put on his land, but he did not know that zone was only for double-wide trailers. He had to let the sale of the single-wide fall through and he sold the land, as he had no trailer to put on it, deciding to move-on. 2. Older Trailers in certain states have moving restrictions. For instance, iirc in Florida, you can not move a trailer/mobile home older than 3-5 years old to a new property that you own/your own land. Most importantly, you can not move a trailer/mobile home older than 1980's models, to a new piece of land that you own, however, you can move a trailer/mobile home built after the 1980's to another trailer park only if it passes an inspection. Any trailer/mobile home built prior to the 1980's is legally stuck where it is at, in whatever park it is sitting currently in; many new investors know this, and eventually can end-up buying you out, either selling your trailer/mobile home property or renting it, once you're gone/rent is too high for you and you moved-on. -that being said, once they buy you out, and the trailer is empty, the land owner of the trailer park may just likely tear it down and put in a newer unit/manufactured home or perhaps clear the trailer-out for the empty lot space to make it a spot for an RV/Pull Trailer to be placed there seasonally. Most of these new investors are looking to be rid of older mobiles, as temporary RV for seasonal, at least in Florida, is more appealing and brings in more money with no worries of bringing an older trailer up to code, which new investors don't want to do anyhow/more likely to put in a new modular home, if that's the case. Some are too, hate to say it, are only investing in the land value as prices are going up, especially on a coastal cities, buying up land mostly in inner Florida areas, and may one day, decide to tear down the park and put something else there entirely. I have seen that happen before, and over-all, leads to landlord-owners buying-out trailer-owners or trying to evict them-out (or perhaps raise the rent so high, which a landlord can only legally raise the rent once per-year in Florida, that certain people have no choice, but to leave, as you said in the video). It's a legal and sad battle on most people that can't afford a new place, with nowhere else to go. 3. Many older mobile homes/trailers may not be insurable these days. In older mobile homes/trailers, insurance companies are dropping them. Some people still have their insurance, but many of those have been grandfathered in under the old policies; getting an older trailer covered now, is almost impossible. HOWVER, It still may be possible to get an older mobile home covered with insurance, if you can completely bring the trailer/mobile home up to code, to meet current day stands, at least in the State of Florida, but it is very hard to do and must pass an inspection (all tie-downs up to code/not outdated, all plumbing, electric inspected to modern in code, etc.). The state of Florida in general doesn't want older mobile homes, as with disasters, it's becoming a liability to clean-up/pay-out to home owners, as older trailers are not aging well/falling apart more easily these days and do not hold up very well to hurricanes. NOW, if you keep your trailer/mobile home repaired, it can last for years; many though that live in mobiles, sad to say, usually either don't put time in to keeping it maintained or just don't have the income to keep it well in maintenance, leading to these places becoming unstable, especially with how many are destroyed by termites in the south, thus why Florida wants these gone, as its more a nuisance to the state, compared to a stick-built or cbs home.

Thank you Jerry for this invaluable list! Beginning your search with these well-advised points will save many oversights, mistakes and disasters as you said, because we know that discovering one problem usually uncovers 2-3 more. Great advice, especially regarding doing your due diligence on city codes, permits, park ownership, and being wary of “good deals.” Great information!

You should do a video on living beneath your means when living life and purchasing real estate. Some people buy houses they can't afford.

Excellent presentation!! We bought a lot and put a double wide on it for cash 25 years ago. It's on a permanent foundation with city water. We have maintained it regularly, upgrading the whole kitchen and master bath and putting on a metal roof that insurance paid for after a hail storm. We only pay about $1300 for taxes PLUS insurance yearly. We now have many species of mature trees and shrubs on our one acre lot. The value of our property has not appreciated nearly as much if it were a stick built house but we our happy with our minimalistic life style and our view of the river valley. Your coverage was comprehensive and accurate. P.S. I grew up in Florida, my dad was a RE broker and I had a real estate license.

Mobile home aren’t investments, they are money savers.

The advice that JP is giving u right now is PRICELESS!! If you have family and friends looking to buy please let them watch this if u love tgem

A couple of years ago, I wanted to purchase a mobile home on a nice privately owned lot, and I checked into VA financing. They said the home had to be less than 10 years old and pass other criteria. It truly seems almost impossible to find good financing for these types of homes.

I had a mobile home for 5 years and it doubled in price. I didn't plan it when I first moved there but with the increase I was able to sell it and buy my house with the profits. The property owner offered to sell the park to the residents which seemed like a very reasonable offer and would have helped control prices in the long term. The park residents voted against it and instead it was sold to a private equity firm that continued to increase rents and does only minimum maintenance. That vote was a bad decision and a good reason to move to my house instead.

Homeownership is a money pit and unless you own the land that your "manufactured" home is sitting on, you are still paying rent.

We are living in a manufactured home we bought 3 years ago. It is only 6 years old now and on an acre of land. We are now (finally) living well below our means so there is no more money stress and we have enough left over to make this house exactly what we want. This house is more solid than the huge mid-century modern we sold which was super drafty and costs hundreds a month to heat. Excellent video. I must also add that insuring a manufactured home is a bit of a challange but we finally got it.

In the early 90s I built manufactured homes on the assembly line in northern Indiana. It was a very demanding job. The pay was good, though. Then I moved onto sales in southern states. When these homes are set up correctly, and proper maintenance is done, they will last many years. There are good and bad ones, just like home builders. To me, it seems that modular is the way to go, today. They are just like site built homes, but built in pieces at a factory, which are then assembled on the property. The factory has inspectors for every step of the build. Buying used mobile homes is like pulling the one arm bandits in Las Vegas. Unless you have the original build sheet, you won't know what is going on under the floor, in the walls and in the ceiling.

I’m in the UK, own my own 1920’s traditionally built brick house, so why do I watch your videos? I don’t know…but they’re great and you really know your stuff!

I love your very eloquent video... I am a retired RE Broker and Builder .... the world is already better with people like you and I. ; )

I am a realtor and property manager in Ocala FL, what you're saying is spot on. Despite how hard things are getting sales aren't going to plummet, developers are still making money, and sadly cost of everything has gone up. I love Manufactured homes, and mobile homes and it is definitely still doable, you just have to be well informed, like yourself to buy anything in todays market, sadly not a lot of people seek out information and information doesn't just drop onto you're lap.

My brother has lived in the same one for 28 years. It's still in very good shape.

Right on. Lot rents here average $1500/mo+ and one can spend a few hundred grand on the unit. People do get displaced when the parks get bought and lot rents go up. It is affordable entry compared to other options but one to really take caution before jumping into.

Manufactured homes and mobile homes are two different things. 2x4 walls vs 2x3 walls. 2x4 rafters vs bow truss. Removable axels vs permanent axels. Manufactured can be quite large and have two stories. These homes come in sections and are mated together on-site. Manufactured home are far superior structurally to mobile homes, thats why the stopped making mobiles. I help write the building code requirements for manufactured homes.

My boyfriend and I were just thinking about looking at a mobile home that we saw online but the lot price worried me so we didn't go with it. Thank you for your video!

Just subscribed to your channel and your work is deeply appreciated, as a first generation home owner that grew up in manufactured homes this information is priceless!

Your videos are getting exponentially better over the past few months! I think you are putting a lot of work into these and valuable info in them. Thanks

As a retreat to a stronger position in this crumbling economy + inflation, it is an option to consider. I was shopping for a home to retire in 2 years ago. I would have put down $200K, and still had a mortgage of $1600 a month. Add in $300 property taxes. Water, garbage, and sewer. That's $2K a month, with $200K in cash gone. Instead, I bought a nice mobile for a mere $30K cash. No property taxes. No water, garbage, or sewer charges. Rent for my space: $625 a month (practically couch change). And I kept most of my capital in the bank. Nice place too: 1.5 miles outside the city (3 minutes to town, and Costco, Winco, and Wal mart). Sitting next to a county park and the river. Next to farms and ranches. No trash, no street people, no crime, just birds singing and fresh air. I don't care if the value goes up or down: I have a nice comfy place to live for the rest of my life, and one which costs next to nothing. The key to doing this: make a list of all parks in the specific region you wish to reside in. Decide a limit of monthly space rent (mine was $700 and under) and cross those above that off the list. Visit the remaining parks. I narrowed it down to three, all of which were nicely placed, clean semi-country parks... but still close to town.

I recently vacationed in a manufactured home and was surprised by how nice it was. I might consider buying one in the future.

I live in Tampa, Florida. Yes my lot rent went up $95.00 this year. This video is great. Thank you

I love my manufactured home here in eastern Canada. Just a 10 minute drive to stores and I have 5.5 acres of land and 450 feet of lake frontage. The well water is so pure you could bottle it and sell it. it has 3 huge windows and 1000 square feet. All plywood construction no chipboard. Has back porch, a big baby barn and a shed. Only 8 years old with oak flooring and porcelain tiles in huge kitchen. I'm currently paying 630 dollars a month mortgage and taxes. My biggest power bill was 170 dollars in January. Has a heat pump also. Everything is so convenient. Glorious retirement!

Great info. I have no issue with living in a mobile home to save money if issues arises. I lived in one during my college years and another one when I started out my career so I could start saving for a home and paid off my student loan debt. I'm pretty easy going - a roof over my head is usually all I need.

We bought a mobile home 20 years ago, an old one, for $22,000. It included the land and is in a park in south Florida with very reasonable HOA dues. Recently I checked value, and country appraised it for $88,000. On-line realtor's purchase value was $168,000. It is 56 years old now. Most of the value is in the land, but if you choose correctly a mobile home can be a halfway decent investment.

I've been living in a Park Model home for 8 years. No problems at all, I love it & get many compliments on it. The space rent has barely increased at all & the community been safe, quiet & clean. Unfortunately the property owners are in their 80's so this could all change soon but my home has been great. I guess like with everything some people can get a bad product while others are completely satisfied. I just pray the perfect space will become available for me when it's time.

Jerry, thank you for discussing the buying land topic. Too often people buy discounted land just to learn that it is useless outside of camping on it.

Thank you for exposing the pitfalls to potential mobile/manufactured home buyers. Honesty and integrity are in short supply these days. You are to be commended for watching out for the vulnerable.

Middle aged renter that has been squeezed when it comes to the current housing market. I was researching these mobile homes if Florida just a couple hours ago. Something just didn't seem to feel right and there are so many up for sale. I asked God for a sign and this video appeared. Looks like I will keep looking for a real house. Thank you for all of this information.❤

My mom and sis own one of the homes with recalled soft plumbing tubing. They had so many leaks (And insurance claims.). that they lost their homeowner’s insurance. I had to pay to replumb the entire home and STILL no one would insure them. My sister finally found that if she joined AARP (before she turned 50) and also insured her car there, they would insure the house. I just about blew a gasket when my sister said one day that she’d call the insurance over a screen door that the wind had caught and bent! No! Do NOT Use your Homeowner’s Insurance except when the home is a total loss!

My mom owned her own land and bought a manufactured home. Everything he says spot on. She owed it here in South Fla. they are not built to last on the inside. Everything fell apart 15 yrs in. Bathrooms kitchen etc. However it was built for hurricanes and survived many down here. When we sold it everything had to be replaced. Trying to sell and buyer getting financing and the home being appraised was a nightmare. It all worked out in the end.

I had a whole lot of trouble with the financing on a mobile home in Texas. It turns out that if you try to buy a place and the trailer has been moved, that screws everything up. People first buy their place and put it in a park, then the park jacks up the lot rent so they move. And when they do that, the trailer has "been moved." So the financing ability degrades.

Thank you. I needed to hear this. Please continue promoting this stuff.

As a person that worked building mobile homes for years in my 20's. As a contractor/RE investor later in life I will say a few important things to consider with mobile homes. #1) Manufacturing: They move the home from metal frame on wheels to floor frames and plumbing then walls, roofing, cabinets, flooring etc. They have 20 minutes to get each department's job done then it moves up the line. This is extremely stressful. It is like rush hour at restaurants for 8 hours a day. It is also mostly production based pay. This leads to some of the biggest dope heads I have ever worked around. The joke was don't buy a mobile home that went out the door Monday or Friday. Monday everyone is hungover and Friday everyone has already started their weekend.😉 We also knew the minute the truck pulled it from the lot it just lost 50% of it's price. #2) Unless you own the property you are still just a renter and can't really sell much. The mobile home financially only makes sense if it is on an owned property that you intend to die in. Don't ever expect a profit except for the land. #3)To me the most important thing. If a tornado or very strong hurricane hits and neither has to worry about flooding your chances of surviving are MUCH better in a house on a foundation. If that expense is too much a condo is the way to retire. P.S. I grew up in a mobile home in central PA where we didn't have extreme weather.

So sad what they've done to trailer parks. Turned a way to live cheaply in retirement to a place for people with money.

My friend’s parents are a manufacturer home success story. They put theirs on land they bought in lewes DE. Works for them!

My wife and I are looking to buy a manufactured home when I retire soon. Thank you for giving me tips and some knowledge about manufactured homes. I will do my homework.

Excellent wake-up call concerning Permits! Perform due diligence BEFORE going to closing.

Excellent video Jerry. You are SO spot on with this and the hidden costs.

Excellent advice. Watch out for mobile home financing that is more like a car loan, than a mortgage, and allows the home to be easily repo'd if you get behind. Another point about plumbing - mobile homes use special plumbing. It's not the same as a stick built house. This can make repairs more difficult and expensive because parts are not always available when you need them.

You cant escape increasing costs. I own a mobile home in a senior park where I own the lot. The HOA, property taxes and homeowners insurance has doubled in 4 years because the value of my home has doubled but who can afford to move. Fortunately, the mortgage is fixed and very low.

Thank you for this helpful video. I just inherited 10 acres with a 2008 Mobil home that has been excellently maintained by my family. Many upgrades. Steel roof over top of it with wooden screened in porch all around. It looks like a cabin in the woods. The problem came when I had to change the insurance into my name. So many companies said they don’t insure manufactured homes. I couldn’t just add my name onto the current insurance when it was in my families members name. So I had to go with a national company and pay a lot more for insurance. I plan to die in this home on my own land so I don’t really care what anyone thinks about my living in a mobile home. At least I have a beautiful home in a beautiful part of the country. I plan on basically living on the screened porch anyway.

I used to rehab mobile homes and then went to assembling double wides, trim, sheetrock, tile, carpet, vinyl siding, adjusting doors, and hardie plank on ends. When we were buying our first house, the wife kept wanting to bite on a mobile home with land because of the affordability, I refused to do that. We ended up buying a house, when we sold that house 5 years later, we pocketed 30,000 for our larger land purchase and house build. That house and land was 225,00. We refinanced and cashed out, I added another 1,000 sqft to finish our whole house. We're at 400k now with over a million in equity . I know this isn't always across the board, but it's an example of how it can be accomplished if you have vision. For me personally, I don't consider mobile homes adding any equity to a land deal. Yes, they are put together a little better now, but unless you constantly maintain it to make sure everything is kept like new, they degrade much faster that a stationary stick frame house. It's about being smart and patient to build that equity that you can use however you like. I understand there is a huge affordability problem in realestate right now. There's a reason it's harder to get financing on a MH, the equity is never an increase in value unless the land and house are financed together and the land is projected to rise in value. If you're wanting to get ahead by increasing equity and wealth over time, buy used and rehab to live in while you build a house. This is the only way I would do it. The land is the only value holding or increasing value there. The bones of a stick foundational house will last many decades, this is why financing is easier with a stationary house.

Your comments are praise worthy because you are an experienced person in this type of real estate. Thank you for your well recieved wisdom on this subject. I'm sure that there are people who need your type of guidence to get through the flood of misleading crooks out there, who are ready to scalp a retired persons bank account.❤❤😊

Your point about zoning requirements is where my province in Canada is severely restricting tiny home development, and by limiting most "trailer parks" to 10 month opening only. In pre covid days, the seniors would go to florida for the 2 closed months, but financially thats now a challenge. Plus in the affordability crisis means families move on to these parks and suddenly ate homeless x 2mobths while school is still on. So zoning is very important.

I work in the real estate industry and I expected to have some zinger of a comment disputing this guy's information but no he nailed it. Everything he said is true

If you are putting a manufacturer home on your own property. Make sure that they can deliver your manufactured home on the roads that They will be driving and the Power lines can be lifted up high enough to get the manufactured home to your property.

I live in a single wide in CA. Been here 20 years. I love it. Thank you.

In the UK, mobile homes (for full time residence not holiday) are essentially sound structures, the problem is with the 'tenure' of the land upon which your new home is held. Typically they are over priced as structures and you can get much cheaper mobile homes second hand, but the site rent is excessive. And then after 10 years typically the site owner can insist your home is removed or you have to buy a new home from the Site owners. So its NOT the van itself its where its sited. A lot of older sites are being bought up by the big companies who bully the van owners, often holder people without much finance. So sad.

single wide modular homes (with the lot) in my area have gone up in value $10g a year consistently. ours is now worth 40g more than we recently pd for it. we r mtg free now...its cheap to heat, quiet area, pretty good neighbors, near the city.

We bought a manufactured home, built in 08, on it's own lot and it's pretty nice. I have upgraded certain things and they needed that. I think we got a fair price and Great Financing, under 3%. We're older and really we know we made the right choice. It's a Clayton home with and wasn't the cheapest inside, it had nice upgrades. Our bathroom sinks are Not Plastic and I put a nice Kohler Sink in the Kitchen. We're in a neighborhood where most of the Working People have these homes. We Wouldn't live in a Trailer Park.

I toured dozens and dozens of manufactured homes over the last six years. Prices have literally DOUBLED in the last couple of years! Even the more expensive homes are poorly built. We decided just to work on our 1979 DW a little at a time.

Dear Jerry, Thank you very much for talking to me, and answering my questions about making my manufactured home into a real property. I live in Seattle, Washington. Your advise was a great help! Thank you! S.K. Oh from Seattle.