As the Principal Broker of Peninsula Realty Inc. specializing in Palos Verdes Peninsula, Torrance, Gardena, Carson and the Greater SouthBay real estate, Becky Park works full time and have successfully represented hundreds of buyers and sellers since 2003. With her outstanding professionalism, vast experiences and in-depth knowledge of local market, Becky continuously provide her clients with personal concierge service and solid protection of their most valuable assets.
Becky lives in Rolling Hills Estates with her husband and their two sons (both in college now).
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i live in Socal as well and there’s lots of mobile home in my area. I’m actually considering financing for one but it’s like renting with uncertainty of increasing $ of land rent 😭
Too much property crime in mobile homes, not safe for kids either, one of the communities I lived in was full of dr*g dealers and offered my little brother… NO THANKS
It is my understanding that foreclosures and child or spousal support supersedes homestead protection. You should consult with an attorney for clarification, as I'm not one and am not qualified to give legal advise. Good luck.
@@rogerk3304 Code of civil procedure section 704.730 from p. 110 & 111 of "California Real Estate Law" by Walt Huber & Kim Tyler, J.D. Do let me know if I had misunderstood or misinterpreted the concept.
Ive seen mobile homes that don't have a land lease, does that mean I am paying the mortgage for the mobile home only? Also can I install a level 2 charger for my EV??
If there is no space lease fee, then it may be a resident owned park where HOA dues cover the park maintenance or it may be that the cost of land in included in the mobile home sale price. Regarding installing a level 2 charger, that will depend on the park and the utility company.
Please advise your fixed income buyers that a lot of these are on property that is owned by large company's. The company's are in the business of making their investors happy and not the homeowner. So the lot rent will rise and keep rising. HUD will not step in as it is privately owned.
Thanks for the great info. Right now i live in a small crackerjack Apartment in Northern California with my wife and 2 children. But i been hurt and sad since we moved here because the most important room that i need is gone. "The Man Room or Garage" I have thousands of dollars of custom gym equipment and I am a Certified Teacher under the famous Jerry Poteet, Jeet Kune Do. I have Secret fitness knowledge at the Olympic level and i need that extra space. I been out of shape for 5 years waiting for that 1 special room. I was also a Hot Shot Firefighter for 20 years and now work as Security at the Hospital. I have a Stepfather who is getting old and wants me and my family to inherit his Expensive Double Wide Mobile Home near the Bay Area in CA. But again the most important room in the house is gone.😢 But there is a Car Port that I am so excited! about. I want to turn that Car Port into my Private Personal Gym 🏋️♂️ 💪. And Meditation room. But I do not want to be Attacked by the rich trailer Park Owner. There's got to be a way to pull off something in that Car Port and the land owner wouldn't say anything. Do you know any Secrets or Tricks to pull off something so I can finally train on my custom equipment again and get back into my Martial arts. Can I just put temporary wall partitions around the Car Port or something? ❤😊 There's got to be something?
Wow, I’m so fortunate to reside in such a generous state! Buying a house for $1 million and being offered this opportunity to save $100 yearly! I’m at a loss of words!!?
I bought mine with our stimulus I didn't have luxury of not working we saved our income taxes n just kept nose to grind and it came on market and bought it outright cash
I own 2 mobilehome in a park in So California and my space rents are $835.00 and $1300.00 (rent controlled and can only adjust to COLA). I also own a house In Walnut CA (2 miles for my mobilehome park). I am 66, kids grown and, so: I rent my house out for $4550 a month. Bought two mobilehomes cash (fixer uppers) and have my daughter/grandkid in one and I live in the other across the park (I converted them both to duplexes) Therefore; I pay no rent and $1200 profit (you are allowed one guest and no rule against putting up interior wall.) so park approved . Both have both over doubled in price in last ten years. I LOVE living in mobilehomes...I strongly recommend a mobile home over renting any day of the week: at LEAST you own something...hope this helps...
Nice another person comment on the positive part of mobile home living . My first old single wide broke even after a few years and went to another park . That park was in Hayward California with a very good mobile home laws . When sold in 2017 rent was $600 WITH water garbage and gas and electric master sun meter month cost about $70 total . 55+ senior park nicely kept . Most mobile homes are now mfd homes extremely nice .
Thank you for watching and leaving such kind comment. There are some mobile home parks that have rent controls which have low space rents. In the areas I work, South Bay, Torrance, Gardena, Carson, Palos Verdes, and vicinities, there is a senior park (55+) in Carson called Colony Cove and a family park right across the street called Carson Harbor Village have low space rent.
I owned two mobile homes in two 55 plus 5 star parks in California. The first home I sold because the lot rent went from 725 a month to 1100 a month in 4 years. The second home I sold in 5 years because they converted the park to an all-age community and the quality of the tenants went down while rents went up. They were a good investment as both tripled in value when I sold them.
Can you imagine somebody that pays a couple hundred grand for one of these things or more in a non-rent-controlled or resident owned park? That's Financial suicide.
Good tip. What is an automatic homestead? If you live in the home you own, you already have one. It protects some of your home equity until you sell your home. You do not have to sign or file anything to have an automatic homestead What is a declared homestead? A declared homestead is a legal form that you record with the Registrar-Recorder’s office. A declared homestead protects some of your equity for six months after you sell your home if the following three conditions are all true: You sell your home and buy another home within six months; The protected amount is used to buy another home; You record a homestead on the new home. Only the home you live in qualifies for a homestead.
Thank you. Feel free to text or email me if you need real estate assistance in the Southbay area of Southern California. (310)938-4989 or teambecky@gmail.com.
Hi Becky nobody talk about the aftermath about selling your mobile home . What happen if you sell your mobile for 130 do you pay taxes to the irs on the amount you sell ?
That is an excellent question. While I'm not an accountant, my understanding is that you only pay on your gains. Also, if you were occupying the mobile home as your primary residence, then you may be exempt from capital gains taxes on the first $250,000 if you are single and $500,000 if married filing jointly. Check with your accountant. Good luck.
Most county has a form for you to complete and submit. Here is a link to Los Angeles County Assessment appeals board. lacaab.lacounty.gov/Home.aspx. Good luck.
Hello I was looking in Zillow and the monthly payment is separate from the rental of the land? I’m looking to move to California and looking to buy a mobile home. Can you please tell me of a good area to purchase ? Thanks
Zillow calculation also includes possible mortgage payment. My area is the SouthBay of Southern California and won't be able to advise on other areas, as I don't have the experience or in-depth knowledge. Best of luck in your search.
just realized i will be paying 13,000$ in property taxes on a single family home i will inherit here in california..i dont even make 13,000 a year in total income 😂 wtf
When she said “save a little on taxes” she was not kidding. $70 annually is a joke. Actually insulting. I’m sure this regularion was put in place so the lawmakers and politicians really make out like bandits for a very hidden reason unbeknownst to the rest of us. 70 off annually for me is a whopping $5.83 off my monthly mortgage payment. What a slap on my bare ass!
Thanks for your kind words. I don't know of any companies I can refer you to but you can find the process in detail under the following link. dcba.lacounty.gov/portfolio/homestead-protection/ Good luck.
I'm from Louisiana and own a mobile home here. I'm curious as to how the mobile homes are blocked/anchored considering California is earthquake country. My mobile home is on solid cinder blocks and anchored into the ground. I wonder if this would be sufficient in an earthquake or would the mobile home slide off.
I believe the $7000 homeowners tax credit is applied automatically. Because homesteading exemption has an automatic feature. So I’m not sure why you would make a video about this.? The actual advantage of filing your own written homeowners exemption is to give you a greater protection against creditors
Thanks for your comment but since the homeowners tax credit only applies to primary residence, once home is purchased, individuals need to complete a Homeowners' Property Tax Exemption Claim Form (BOE-266/ASSR-515) in order to received the credit. Check out the county assessor's website or board of equalization for more info.
