The Mobile Home Park Lawyer Podcast
Business:Investing
Ferd Niemann talks to his father about what you need to know when you buy or sell a mobile home. Organized into a checklist, father and son huddle to discuss the details and important steps to take in order to land the best deals possible and how to do it the right way. From sales to purchase, to accounting, to deeds, learn from their experience and make their checklist yours to avoid mistakes that will cost you time or money in your mobile home investment journey.
Highlights of the episode:
00:00:00 - Episode Introduction
00:00:37 - Start of the topic
00:00:51 - introduction of the guest
00:01:16 - Sales checklist
00:02:06 - Seller’s information and other details
00:02:24 - Lease, payment, and documents
00:03:48 - Titles and bill of sale
00:06:45 - Insurance
00:07:11 - Utilities
00:07:48 - Informing the government and bureaucracy
00:10:02 - Purchase checklist
00:13:05 - Checking for “clean” title
00:13:33 - Taxes
00:14:28 - Arranging cashier’s check
00:15:16 - Arranging for delivery
00:15:33 - Preparing the pad
00:19:33 - Ads
00:20:48 - Wrapping up
Notable Quotes
"Pretty simple stuff but if you mess it up it’s gonna hurt."
"The details are really important."
Connecting with the Guest:
Website: https://themobilehomelawyer.com/
Facebook:https://www.facebook.com/ferd.niemanniii
LinkedIn: https://www.linkedin.com/in/ferd-niemann-iii-897456b8
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer/
#devilsinthedetails
#checklist
#mobilehome
Ep. 168 | Interview With Ken Schefler on Navigating The Current MHP Sales Market
Ep. 167 | Interview With Franco Perez on Helping Residents Upgrade Their Homes
Ep. 166 | Interview With Scott Macneil on Financing Mobile Home Sales With Pep
Ep. 165 | Ferd Niemann on How To Make More With Less. Bigger Splits For the GP Beats More Pads!
Ep. 164 | Interview with Vincent Tao and Elizabeth Woods on Quitting Your Job and Becoming RE Investors
Ep. 163 | Interview With MHP Owner and Operator Yoel Kelman on How to Grow an MHP Company
Ep.162 | Interview With MHP Owner and Broker Enon Winkler on How To Navigate A Challenging Capital Market
Ep. 161 | Interview With Bryce McMurry on Growing A Portfolio With A Contractor Mindset
Ep. 160 | Interview with Jonathan Gilmore on the Dutiful Execution of TIC Drop and Swap 1031 Transactions
Ep. 159 | Ferd Niemann on the Legal Risks For the Unweary, Navigating the Acquisition
Ep. 158 | Interview With Ryan White on Navigating the Evictions Process
Ep. 157 | Interview with Mitchel Armstrong on How To Hustle, Network, and Persevere Into MHP Success
Ep. 156 | Ferd Niemann on How To Write A Cover Letter to LP or Passive Investors
Ep. 155 | Ferd Niemann on How and When to Use a Master Lease with Option to Purchase
Ep. 154 | Ferd Niemann on Why and When Do I Need A PPM Over a Joint Venture
Ep. 153 | Ferd Niemann on the 10 Steps to Getting Your Loan Approved
Ep. 152 | Ferd Niemann on Being Obstinate and How It Can Save the Day
Ep. 151 | Ferd Niemann on the Factors to Consider when Selecting a Title Company
Ep. 150 | Interview With Jonathan Gilmore: Escrow Holdback Agreement
Ep. 149 | Interview with Paul Bradley: How to Sell Your Mobile Home Parks to Your Residents
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