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. 108 | Interview with Jon Shay Building Rapport With Brokers
Ep. 107 | How To Make One Million in Two Years With One Park
Ep. 106 | Interview with Bill Baird – How Submetering Water and Sewer will Save You Money
Ep. 105 | How To Make One Million Off One Hundred Thousand in One Year With One Park
Ep. 104 | Interview with MHP Developer Ray Mazzie - How To Get Approval to Build MHPs
Ep. 103 | Asset Management for Open Door Capital
Ep. 102 - Interview with Joshua Diaz - How To Start Small in MHP
Ep. 101 | Interview With MHP Owners Ryan Hill and Brett Bowman - How to Build a Team to Scale Quickly
EP 100 | Looking Back on Odd Times and Stories From Our Business
Ep. 99 | Case Study - Knowing When To Sell and Leave Some for the Next Buyer
Ep. 98 | Case Studies - Mitigating Infrastructure Risk and Obtaining Entitlements Before Closing
Ep. 97 | Case Study - Follow The Basics And Make Six Figures On Your First Deal
Ep. 96 | Knowing the Difference Between An Employee and an Independent Contractor
Ep. 95 | How To Infill Your Park - A Step By Step Process
Ep. 94 | Interview with MHP Due Diligence Expert Steve Edel - How To Work Through the Diligence Process
Ep. 93 | Interview with MHP Owner Rhett Trees - Scaling Up and How To Differentiate
Ep. 92 | Interview with MHP Owner and Acquisitions Specialist Andy Freeman - How To Go From Car Salesman To MHP Owner
Ep. 91 | Interview with MHP Owner and Financial Analyst Logan Moore - How To Look At A Syndication And Poke Holes In It
Ep. 90 | Lender Mini-Series With Judah Aderet - Finding the Right Lender In A Hot Market
Ep. 89 | Lender Mini-Series With Frank Sciara - Navigating the Different Options and Loan Provisions
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