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. 148 | How to Break Into Mobile Home Parks
Ep. 147 | Working with the Community to Improve and Build a Portfolio
Ep. 146 | How to Minimize Tax Impact and Win as a Mobile Home Park Owner
Ep. 145 | How To Wholesale and Buy Mobile Home Parks as a Side Hustle
Ep. 144 | Contractor Paperwork for Pros and Schmos
Ep. 143 | Should I Accept Section 8 for My Mobile Homes
Ep. 142 | Understanding the Importance of Seller Deliverable Requirements
Ep. 141 | Pros and Cons of Buying A Small Mobile Home Park
Ep. 140 | How To Properly Evaluate Sewer Lines
Ep. 139 | Why Rent Control Should Be Abolished
Ep. 138 | The Latest and Most Effective Way To Hire For Your Team
Ep. 137 | Everything You Need To Know Before Investing In REITS with Brad Thomas
Ep. 136 | Interview With Victor Alves How To Transition From Single Family Flips Into MHPs
Ep. 135 | Interview With Adam Sobieski How To Own Parks and Be A Lifestyle Investor
Ep. 134 | Interview With MHP Owner Bryce Robertson How To Mitigate Risk in Underwriting
Ep. 133 | Panel Discussion on Infill of MHPs
EP 131 | Case Study: How To Make Seven Figures On One Park Ten Minutes From Home
EP 130 | Case Study: How To Add $500k On 20 Pads In One Year
EP 129 | What You Need to Know About Private Utilities with Phillip Merrill
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