Download or read book Why Owning A Mobile Home Park Is Far More Profitable Than Traditional Real Estate Investing How To Make Substantial Passive Income From Owning A Mobile Home Park And How To Make Money So That You Can Afford To Invest In Buying A Mobile Home Park written by Dr Harrison Sachs and published by . This book was released on 2020-02-09 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on why owning a mobile home park is far more profitable than traditional real estate investing and also elucidates how to make substantial passive income from owning a mobile home park. Moreover, how to make money so that you can afford to invest in buying a mobile home park is delineated in this essay. In spite of the myriad of disadvantages associated with owning a traditional rental property, procuring a profitable mobile home park business can be an eminently lucrative investment, especially if you max it out to full capacity by not having any vacant mobile home units. Earning substantial passive income through owning the land of a mobile home park will allow you to reap far more income than you otherwise would by owning traditional rental proprieties that are exorbitant costly to own, maintain, and repair. The advantages appertaining to owning a mobile home park are multitudinous and go far beyond simply allowing you to reap substantial lot rent income from a myriad of tenants each and every month. Even if the tenants outright own the mobile homes, they are still required to pay lot rent to the mobile home park owner who is leasing them the land. As per the advantages of being a owning a mobile home park, first and foremost, mobile home park owners looking to maximize their return on investment, can also invest in buying mobile homes for their mobile home parks on vacant lots and subsequently sell them for enormous mark ups. Even though the mobile homes may be all sold to tenants they will still be able to reap substantial lot rent income each month from the tenants who own their mobile homes. The cost to buy a mobile home park can even be lower than $10,000 per lot which is 90% less than the price to pay for a single family home or apartment that can easy cost well over $100,000 per unit. As an investment, owning a mobile home park and even flipping mobile homes can be extremely lucrative since they offer a much higher return on investment relative to owning traditional rental properties. The risks associated with owning a mobile home park are minimal relative to owning traditional rental properties primarily because the start up costs are much lower than buying traditional rental properties. Moreover, the risks succumbing to a negative return on investment are mitigated since they are vastly spread out across a copious amount of mobile home tenants. In other words, unlike a traditional real estate investor, it is unlikely that a mobile park owner will succumb to a negative return on investment, even if they loose a few tenants. This is because, mobile home owners are have a myriad of tenants, unlike most traditional real estate investors, and are therefore not fully dependant on a few tenants paying the lot rent to sustain their business. Second, there are substantially lower repair costs and maintenance costs associated with being a mobile home park owner than there are as an investor in traditional rental properties. By only owning the land of the mobile home park and not owning the mobile homes your tenants reside in, it culminates in the mobile home owner being responsible for the maintenance and repairs of their units. "While the mobile home park owner is still going to need to account for the expenses of the upkeep for the park, it will most likely be significantly less than what they would pay for the upkeep of the homes" (Turner, 2017). Third, as a mobile home park owner, your risks for loss of lot rent income are substantially decreased relative to the magnitude of the risk real estate investors succumb to who own traditional rental properties. With more tenants, the risk for a negative return on investment is greatly mitigated since the lot rent income each tenants provides is only an infinitesimal portion of your gross lot rent income. On the other hand, a" traditional real estate investor who owns four single family home can loose five years of profit from their entire portfolio" .
Download or read book Making Money Through Mobile Home Investing written by Jerry Hoganson and published by Ascend Beyond Publishing. This book was released on 2008-10 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Within every real estate market, there are entire communities of mobile homes. Thousands of people live within these mobile home communities but very few people know the investors who own them. Why do investors own and invest in mobile homes? Niche investors own mobile homes and mobile home communities because they are lucrative and extremely profitable investments. Mobile homes are investments that most real estate investors routinely misunderstand and ignore. It is a market niche where most within the industry do not want to openly discuss or share. There are many myths and misconceptions of mobile home investing. Contrary to popular opinion, mobile home investing is often simpler and easier to get into than conventional real estate investing. It can also be much more profitable and provide a higher return on your investment. Discover the world of mobile home investing. Learn what most real estate investors will never learn in a lifetime of house investing. Learn from someone who first started out as a real estate investor, then moved into mobile home investing, then ultimately mobile home park investing. Read the insightful and enlightening answers to questions so many people ask regarding the mysterious world of mobile home investing. In this book, Jerry answers common questions on these areas of mobile home investing: Basic Concepts, Market Research, Finding Deals, Profit Strategies, Purchase & Financing, Inspections, Marketing, Preparation Process, Management Issues, Tenant Management, and Maintenance/Repairs
Download or read book The New Investor s Guide to Owning a Mobile Home Park written by Laura Cochran and published by . This book was released on 2013-08-15 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New Investor's Guide To Owning A Mobile Home Park: Why mobile home park ownership is the best investment in this economy and step by step instructions how to acquire and manage a profitable park Multi-park owner and manager of her own mobile home parks, Laura Cochran, believes that owning a mobile home park is the best investment and attainable for anyone who wants to add a mobile home park investment to his or her portfolio. "Purchasing a mobile home park is in my opinion, and based on my own twenty-two years of real estate and mobile home park investing, the best alternative investment for the serious investor. I think every investor should own a mobile home park, and here is why: -Low to zero vacancy rate -Steady monthly income -Predictable monthly cash flow -Good return on investment -Investor has control over cash flow and vacancy rate -Additional opportunities to increase cash flow through rent raises and eliminating utility bills via pass-through billing -Mobile home parks hold their market value and appreciate in value -There is always a demand for affordable housing found in parks -You retain your initial nest egg that you purchased the park with - your investment dollars are in tact This purchase of The New Investor's Guide To Owning A Mobile Home Park takes you through 25-Chapters of step by step instruction, and includes SIX FREE MONTHS of unlimited park browsing on our exclusive mobile home park website www.mobilehomeparkinfo.com as detailed in Chapter Three. Wishing you every success with your continued investing ventures as you research and discover the possibilities of adding a mobile home park to your investments." -author Laura Cochran This Mobile Home Park investor's guide contains the following 25 chapters: Chapter 1 W.O.W. WORKING FOR YOUR MONEY, OWN YOUR OWN BUSINESS, YOUR MONEY WORKING FOR YOU Chapter 2 TYPES OF PARKS Chapter 3 WHERE TO FIND PARKS FOR SALE Chapter 4 WHAT MAKES A PROFITABLE MOBILE HOME PARK: CAP RATES AND CASH FLOW Chapter 5 FINANCING: HOW CAN YOU AFFORD A MOBILE HOME PARK? HOW CAN ANYONE? Chapter 6 GETTING STARTED: INTERVIEWING BANKS Chapter 7 SETTING UP YOUR BUSINESS: THE VALUE OF A CORPORATE VEIL Chapter 8 YOUR PROFESSIONAL CIRCLE Chapter 9 BUYING VERSUS DEVELOPING Chapter 10 QUESTIONS TO ASK BEFORE BUYING A PARK Chapter 11 WHY ARE THEY SELLING? WHAT CAN YOU FIX THAT WILL MAKE THIS PARK PROFITABLE? Chapter 12 CONGRATULATIONS- YOU BOUGHT A PARK! Chapter 13 MANAGEMENT: WHO IS GOING TO MANAGE YOUR PARK FOR YOU? Chapter 14 TIME-SAVING SOFTWARE Chapter 15 GO AWAY... AND STILL MANAGE YOUR PARK Chapter 16 PAY YOUR OWN BILLS Chapter 17 UTILITIES Chapter 18 PARK RULES Chapter 19 BE STRICT Chapter 20 COLLECTING RENT Chapter 21 NOTICES: WHAT HAPPENS WHEN TENANTS FAIL TO PAY RENT Chapter 22 GOING TO COURT: FED'S AND TRIALS Chapter 23 PROBLEMS IN YOUR PARK Chapter 24 KEEPING YOUR PARK FULL AND PROFITABLE Chapter 25 STEP-BY-STEP INSTRUCTIONS: CHECKLIST FOR BUYING YOUR MOBILE HOME PARK
Download or read book How to Invest in a Mobile Home Park written by Marilyn Rousher and published by . This book was released on 2015-09-05 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How to Invest in a Mobile Home Park - For Business, Money and Profit" is a practical guide written for mobile home park investment newbie's and old school professionals. Mr. Rousher, a knowledgeable 30 year mobile home park professional has owned and managed many profitable mobile home park investment partnerships. As a mobile home park owner and professional mobile home park property manager, he will guide you through the dos and don'ts of the mobile home park (trailer park, manufactured housing) industry. He will teach you how to find the best money making investment for you. He will help you learn how to research the economy and stability of your chosen investment location. He will reveal his secrets on how to make more money and more profits where other investor/owners have not. By reading "How to Invest in a Mobile Home Park - For Business, Money and Profit" you will learn how to analyze property values, find hidden upside profit potentials, and learn the differences between the various mobile home park investment opportunities. You will find out where to get loans on mobile homes (you want to fill your park and keep it full!), and where and how exactly to find the investment property of your dreams. This is a must read if you are interested in finding out why the mobile home park industry is here to stay, and where and how you can find the perfect mobile home park investment for you.
Download or read book Learn To Start Investing In A Mobile Home Park written by Macie Scudero and published by Independently Published. This book was released on 2021-04-02 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufactured mobile home park investing can certainly be a good asset for the right investor circumstances, especially when investors understand their investment needs, have taken the time to do due diligence about their target areas, and have chosen the manufactured investment homes with care. As a mobile home park owner and professional mobile home park property manager, the author will guide you through the dos and don'ts of the mobile home park (trailer park, manufactured housing) industry. He will teach you how to find the best money-making investment for you. He will help you learn how to research the economy and stability of your chosen investment location. He will reveal his secrets on how to make more money and more profits where other investors/owners have not. By reading this book, you will learn how to analyze property values, find hidden upside profit potentials, and learn the differences between the various mobile home park investment opportunities. You will find out where to get loans on mobile homes (you want to fill your park and keep it full!), and where and how exactly to find the investment property of your dreams. This is a must-read if you are interested in finding out why the mobile home park industry is here to stay, and where and how you can find the perfect mobile home park investment for you.
Download or read book Mobile Home Tycoon written by RJ Salerno and published by Genesis Publishing Group. This book was released on 2018-04-21 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: MAKE A FORTUNE INVESTING IN MOBILE HOMES This is an A to Z; beginners guide into the world of mobile home real estate investing and untapped opportunities unknown to the seasoned real estate investor. There are many valuable tips and examples to put you on your way to begin amassing your own real estate empire. I will walk you through on how to find your very 1st mobile home deal and on how to begin cash flowing immediately on your new investment. Some years ago, I was introduced to the world of real estate investing. Like most that are in the investment world, there are many aspects of real estate investing I had to learn. Most investors that I knew stayed away from mobile homes. Mostly what I was told was of the pitfalls and investment failures when investing in mobile homes. Since then what I have found are a very small margin of real estate investors in this world of mobile home investing and they are making a fortune. What this means to you is a huge opportunity to capitalize on a wide-open market. Most of what I have learned has been by trial and error since there are very few books or courses on the matter. Mobile home parks might not be viewed as such an attractive investment to add to your portfolio at first glance, but when you look into the consistency of tenancies and the income you can generate, they can potentially be an attractive real estate investment.
Download or read book Adventures in Mobile Homes written by Rachel Hernandez and published by . This book was released on 2012-03-01 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hernandez, a.k.a. Mobile Home Gurl, shares stories and adventures based on her own experiences in mobile home investingNthe obstacles, the struggles, and eventually the triumphs.
Download or read book A Definitive Guide written by Curtis Hoben and published by . This book was released on 2021-03-30 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufactured mobile home park investing can certainly be a good asset for the right investor circumstances, especially when investors understand their investment needs, have taken the time to do due diligence about their target areas, and have chosen the manufactured investment homes with care. As a mobile home park owner and professional mobile home park property manager, the author will guide you through the dos and don'ts of the mobile home park (trailer park, manufactured housing) industry. He will teach you how to find the best money-making investment for you. He will help you learn how to research the economy and stability of your chosen investment location. He will reveal his secrets on how to make more money and more profits where other investors/owners have not. By reading this book, you will learn how to analyze property values, find hidden upside profit potentials, and learn the differences between the various mobile home park investment opportunities. You will find out where to get loans on mobile homes (you want to fill your park and keep it full!), and where and how exactly to find the investment property of your dreams. This is a must-read if you are interested in finding out why the mobile home park industry is here to stay, and where and how you can find the perfect mobile home park investment for you.
Download or read book Deals on Wheels written by Lonnie Scruggs and published by . This book was released on 2013-01-16 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW Revised in 2013! Investors, if you're tired of being a landlord but still want a good monthly cash flow, or if you're a real estate note investor who can't find any good-yielding paper, or if you just want to make MORE MONEY, you need to read this book about mobile home investing. Lonnie Scruggs' Deals on Wheels will teach you how you can replace the income from your job and create true financial independence with your own mobile home investing business. Deals On Wheels explains in detail how you can earn yields of 50% to 175% on what the author calls "Wobbly Boxes." Learn to buy, sell, and finance used mobile homes for big profits and generous cash flow. NEW section on solutions for the SAFE ACT and how you can create your own economy. This book covers everything you need to get started earning awesome yields with minimum hassle, including: * The best kind of mobile homes to buy * Eight ways to find low-priced mobile homes * How to negotiate an even lower purchase price * How to determine necessary repairs * How to make your phone ring off the hook with buyers * How to get started with $1,500 OR LESS * Dealing with park managers * And much much more "After reading Lonnie's book, I bought a mobile home for $1800 then sold it a few days later for $9800 and enjoy a $320 per month cash flow." Jackie Lange "Lonnie Scruggs is the REAL DEAL. His simple down to earth teaching style has helped tens of thousands of people become successful in their mobile home business" Jack Miller "Worth every penny." Mike Wittenbrink "Very informative. A lot of great information provided. Inspired to get started!" Sheri Holland "Lots of really good meaty information and incentive to go out and do!" Jacqueline May
Download or read book The Mobile Home Park Manifesto written by Glenn D Esterson and published by . This book was released on 2019-12-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The mobile home park industry might be the last thing you ever thought of investing in. It likely wasn't even on your investment radar until the last couple of years. The MHP niche is one of the last real estate verticals that still has all the right fundamentals for a highly profitable situation. If you are looking for a painless, brainless, easy-peasy investment, you might want to return this book and get a refund. MHP investing is not for the faint of heart and many have lost in this game, but many more have made millions in a very short time by following some simple yet uncommon rules.Achieving near 20% returns in year 1 happens every day, in year 2 north of 30%, and final exits can be more than 3-5 times what you have into it in just a few years, if done properly. The risk exposure however is high and often you will need to bring a good amount of capital above and beyond the purchase price of the park to fix all the deferred maintenance and the general "ugly" on your new investment.It is my goal that this guide provides readers with useful and actionable insight to operating a mobile home park. This book has been created for simply one thing, to help you be more successful in the MHP world. I know I wish I had a book on it when I bought my first park in 2004 because I probably wouldn't have purchased that particular park.I have been a salesman for nearly my entire life, starting in grade school. I would buy candy at wholesale prices and sell those gumdrops and lollipops to my fellow students for above retail value. As an adult I have been a mobile home park owner and operator, a commercial real estate broker for nearly two decades and a lifelong entrepreneur. I have had successful businesses in Shiitake Farming, Cannabis industry, Direct investments and traditional property management in some of the hardest hoods in the south. I have found my purpose through helping others achieve financial freedom by being the best advisor I can be. I have helped countless clients acquire and dispose of their investment vehicles over my career and take pride in being one of the most informed brokers in my industry.If you are thinking of entering the MHP world or if you are already well-immersed in the industry, I want to help you. I want to see you succeed. I want to help you achieve financial freedom. I want to be so useful to you that I am your first call for anything MHP related. I have been through more transactions, more market cycles and more ups and downs than your typical commercial broker because I am not your typical broker, I am a tried and true advisor for the MHP industry. By the end of this book you should have a more comprehensive understanding of the industry, the tools to navigate the industry and the know-how on implementing winning strategies from the start. There is a steep learning curve in this business, and I aim to help you achieve a stable footing in what is currently the wild west of real estate.It is not too late to still get a good deal. The industry is still ripe for the picking if you know where to look and how to negotiate. Don't be tricked to jumping in to just any deal as all deals are not created equal. The information in this book should help assist you in becoming able to confidently evaluate a deal and recognize the opportunities and pitfalls of each deal. And, if you still need more help, please do not hesitate to call me for no-nonsense guidance. The advisory services I provide are free so don't be afraid to contact me. Like I said earlier, I want to be so useful for you that I am your first call for anything MHP related. Good luck and good hunting!
Download or read book The Invisible Deal written by Mateo Nicolas and published by Independently Published. This book was released on 2021-03-23 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if you could start investing in real estate for less than the price of a beater car and 10 hours per week? What if you could create a five-figure passive income stream in three years? The Invisible Deal explains how to do just that by using an overlooked and undervalued asset that very few investors even think about... Mobile Homes! In this book, you will discover: ✔️ An in-depth look at wholesaling, renting, and flipping mobile homes ✔️ The master deal or dud checklist ✔️ A complete breakdown of the 3 best negotiation techniques ✔️ A step-by-step breakdown of the entire process from end to end ✔️ The 5 best ways to find profitable mobile homes in any area ✔️ Over $100 of extra course material for FREE And so much more... Mateo Nicolas gives you everything you need to know - in plain english - so you can buy your first property this month; even if you've never invested before. Pick up The Invisible Deal and start investing today. Even if you have no money, no time, and no experience, this book will teach you how to invest in one of the most lucrative investments you've never heard of.
Download or read book Mobile Home Wealth written by Zalman Velvel and published by Square One Publishers, Inc.. This book was released on 2013-05-02 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, mobile homes have been the butt of jokes—and definitely under the radar of most real estate investors. Yet for a small but growing group of savvy investors, they have become a tremendous asset. Written by one of the top professionals in the business, Mobile Home Wealth is an easy-to-understand book that can guide you to one of the most lucrative investments in real estate. The author begins by presenting the basic principles and practices of real estate investing. He then applies these principles to mobile homes, covering every step of the investment process from choosing a home to financing the purchase, negotiating the price, improving the property, and selling or renting for maximum gains. Whether you are looking for a smart addition to your portfolio or searching for a new and different business, this book will forever change the way you view mobile homes.
Download or read book 50 Real Estate Investing Calculations written by Michael Lantrip and published by Michael Lantrip. This book was released on 2018-01-13 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Real Estate Investors say, "I wish I'd known that," this is what they are talking about. Real Estate Investing Calculations are the Rules of Real Estate Investing, and you must know the rules. Real Estate Investing offers you four huge benefits that other forms of investing do not. *Cash Flow. *Asset Appreciation. *Financial Leverage. *Special Tax Treatment. But your success will depend on how well you estimate these items before you purchase a property, and how well you manage them after you purchase. A basic rule of Business Management is "In order to manage, you must first measure." And that's the purpose of 50 Real Estate Investing Calculations. This book teaches you how to generate these numbers yourself, and explains their meanings. These Calculations are the tools of your trade.
Download or read book Mobile Home Investing written by Arthur James and published by . This book was released on 2015-04-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover How To Invest In Mobile Homes and Profit!You're about to discover how to invest in mobile homes in order to effectively generate a passive income long-term. The guidelines and steps provided in the book are based on my own extensive experience in dealing with mobile homes, and if you follow these guidelines thoughtfully, you are guaranteed to turn a profit! Mobile homes have become a huge trend in the United States, and with the knowledge presented in this book, you can bite your chunk out of this massive market that is constantly growing. This book provides a compact, yet detailed description of how to approach investing in mobile homes. It will tell you what deals to look for, as well as warn you about the pitfalls to look out for. When dealing in mobile homes, you need a thorough understanding of the risks and the potential rewards involved. You will learn how to properly assess risks in order to find winsome deals, how to manage your assets, and be presented with answers to some of the most important questions you will be asking, before investing in a mobile home.Are you brand new to Mobile Homes? Don't worry! This book also provides a great introduction to the world of mobile homes, and when read, will make you ready to jump right into the action. Here Is A Preview Of What You'll Learn... Learn about the Basics of Mobile Home Investing Finding Winsome Deals Assessing Risk vs Reward Making Your Business Sturdy and Flexible Pro's & Cons of Renovating The Value of Resale or Rental Drafting Rental Agreements Market Statistics and Their Meaning Much, much more! Take action today and start investing in mobile homes to ensure yourself a steady passive income! Get your copy today!
Download or read book The Lifestyle Investor The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom written by Justin Donald and published by Sristhi Publishers & Distributors. This book was released on 2022-02-10 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: We all want to make more money, that too with minimum effort and without too much hassle. Ever wondered what life would be like if we had a simple, proven system to create cash flow and generate real wealth with little risk or complexity? This book helps you: • Manage your finances better, by directing you to a well-structured plan • Reduce investment-related risks • Create a sturdy cash flow • Streamline passive cash flow to multiply your wealth Get set to live life on your own terms, and fulfil all that you aimed to achieve. "Warren Buffett of Lifestyle Investing." – Entrepreneur Magazine
Download or read book Investing in Rent to Own Property written by Mark Loeffler and published by John Wiley & Sons. This book was released on 2010-07-15 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investing in Rent-to-Own Property is the distillation of years of investment experience in real estate. It is a both strategy and a system, which provides stable, proven returns for the investor. On the flip side of the coin, the homebuyer is provided a house that fits their needs and budget. Why should an investor have rent-to-own as part of his or her investment portfolio? This book lays out in clear detail the benefits of rent-to-own and how to get started with a rent-to-own strategy. Loaded with tips and case studies, here are the core components of the system: How to identify properties How to carry out due diligence Smart financing strategies How to market your system and attract interested tenants-homebuyers How to identify and choose tenants-homebuyers The rent-to-own contract Obligations of the investor to the tenant-homebuyer Obligations of the tenant-homebuyer to the investor The team of experts: agent, lawyer, lender, home inspector, accountant Exit strategies There are many singles and couples who for a variety of reasons opt for a rent-to-own opportunity. For some it's an opportunity to check out a location for a couple of years so that they're certain it's the house and neighborhood they want for the long-term; for others it's the desire to own a home but need to grow their down payment-having a nice home while they save is a terrific option. The expertise of the investor in identifying the right property and providing the right financing is another significant aspect for the tenant-homebuyer. The benefits for the investor are many: a solid property in an area where the fundamentals are strong; great tenants who respect the property; a profitable investment even with a downturn in the market. Investing in Rent-to-Own Property is the quintessential tool for investors who have yet to take advantage of a proven money-maker or for those investors who want the benefit of a proven system to build their portfolio.
Download or read book The Optimal Criteria For How To Determine If A Mobile Home Is Worth Buying Top Reasons Why You Should Never Invest In Owning A Traditional Home Nor Renovating The Real Estate Property And Why Post 1976 Mobile Homes Are The Quintessential Housing Option written by Dr Harrison Sachs and published by . This book was released on 2020-02-19 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on the criteria for how to determine if a mobile home is worth buying. Moreover, the top reasons why you should never invest in owning a traditional home nor renovating a real estate property are delineated in this essay. Furthermore, why mobile homes are the utmost affordable and quintessential housing option for prospective home buyers and the ample advantages and disadvantages appertaining to owning a post-1976 mobile home are revealed in this essay. Lastly, this essay also meticulously elucidates how you can earn online substantial money so that you can afford to a own a post-1976 mobile home.Even though the criteria to determine if a mobile home warrants purchasing may often seen eminently complex, it ultimately does not have to be and can be streamlined so that is parred down into asking only seven basic questions. These basic questions create a framework a scorecard that allows prospective mobile home buyers to ascertain if the purchase of a mobile home is a warranted purchasing decision. Each correct answer of yes to each criterion question on the scorecard is worth 1 point and an aggregate score of 6 points or more renders the purchasing decision of the mobile home highly likely to be a merited investment for the prospect home owner. You should do everything in your purview to ensure that you are never overpaying on the purchase of a mobile home. It is imperative to leverage this scorecard in order to help guide your purchasing decision so that you can prudently implement a strategical purchasing decision when buying a mobile home.The seven basic questions that you should ask yourself before purchasing a mobile home in order to determine if it warrants buying encompass the following: 1. Is the mobile home manufactured after 1976? 2. Is the monthly lot rent fee under $400? 3. Are the majority of the park's mobile homes occupied and properly maintained? 4. Is the mobile home not in a distressed state and also not in need of any major repairs? 5. Is the mobile home not located in flood zone nor hurricane zone? 6. Is the asking price of mobile home under $30,000 7. Is the mobile home located in a desirable location? As per the first criterion question, it is critical for mobile homes to be manufactured after 1976. Mobile homes of the modern era are today's manufactured homes even though people often prefer to refer to them simply as mobile homes. Manufactured home are manufactured in a factory and have just as much structural integrity, if not more, than stick-built homes which are built on the work-site instead of in a factory setting. The manufactured homes are the mobile homes built after 1976 and are no more vulnerable to tornado damage than site-built homes. Stick-built homes may have less structural integrity than manufactured homes due to having been exposed to the elements when being constructed as a result of never having been constructed in a factory setting. "The term 'mobile home' refers to an unregulated construction pre-1976, and the term 'manufactured home' refers to a housing unit that is constructed post-1976 following specific rules for design, durability and safety" (Understanding the difference," 2017). Manufactured homes can be considered the utmost highest quality homes since all stages of the manufacturing process have been eminently streamlined to practically unalloyed perfection and the raw materials needed to construct the home have not been profusely exposed to the outside elements, unlike stick-built homes that are built on the housing-site. Moreover, post 1976 mobile homes can be moved and subsequently securely anchored to a vacant parcel of land in order to render it almost impervious to hurricanes and tornadoes. Although the utmost devastating hurricanes and tornadoes can damage any type of home, stick-built homes are no less vulnerable to these calamities than post-1976 mobile homes which are securely bolted to the ground.