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 128 | Is The MHP Star Rating Relevant with Ferd Niemann
EP 127 | 25 Factors of a Bad Investment
EP 126 | Interview With MHP Owner Ryan Smith Evaluating Risk, Reward, and Opportunities
EP 125 | Mobile Home Park Owner From $5K to $300MM Portfolio
EP 124 | Forty Things To Look For When Doing A Site Visit
EP 123 | Twenty Plus Post Closing Tasks
EP 122 | Running a Fund Comprised of Small MHPs
EP 121 | Panel discussion on Growing Pains
EP 120 | Panel Discussion on Raising Funds
EP 119 | Running a POH Business with Chris Murray
EP 118 | Interview With Nick Najjar Lessons Learned In A Competitive Market
EP 117 | What To Do When A Seller Defaults
EP 116 | How To Drop A Deal Wisely
EP 115 | Why Grandfathered Rights Might Be Superior To Legal Conforming Zoning
EP 114 | Interview With MHP And RV Owner Heather Blankenship
EP 113 | Interview With MHP Owners Dylan Stewart and Alex Donnolo How To Enter and Scale MHP‘s
EP 112 | Interview With Jonathan Gilmore How To Combine 1031 Exchange and Syndications
EP. 111 | Interview With Kristin Dreasler How To Navigate Mobile Home Title Issues
EP. 110 | Interview With Frank Bowman Navigating State and Local Regulations in Illinois and Elsewhere
EP. 109 | Interview with Gene Norman - Weather Alerts and Why You Should Attend MHP Conference
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