Great video, Russ! There's no free lunch, as they say. If you own the land, the purchase price is greater than if you're leasing--but leasing the land you pay a huge chunk of change each month for lot rent. You are so thorough and enjoyable in your presentations. I especially like all the pros and cons you cite. Thanks so much.
Thanks so much for your kind words. There are many options out there and the idea is to help folks understand what's available so you can make an informed decision.
Awesome, thank you! and Thanks for the SuperThanks!!! Really happy you liked the book. If you get a minute could you give it a brief review on Amazon? That really helps others decide if it's a good investment. - Thanks again!
Insurance is readily available for manufactured homes in Florida and somewhat less for mobile homes. There are too many factors to allow a generalization of price. I list agencies and originators on the website. I suggest you give them a call. www.floridamfghome.com/Buyer-Resources
Hello Russ, I am seriously considering buying a manufactured home in Florida. I was born in Australia 60 yrs ago,recently I moved to France to purchase a home but in all honesty, France is not for me. I love the idea of a gated community with a well looked after environment. My budget is $30,000 -$80,000 AUD for a 2 bedroom home but it's the H.O.A that bothers me. I see some are up to $1500 U.S a month. What do you get for paying that large amount ? I am happy to pay $800 max if I have to but I just want to know again what do I get for paying a H.O.A Russ ,sorry one more question, for my budget what counties or suburbs would be safe and crime free for my budget please. Most appreciated kind regards Paul
I do not offer personal consultation; preferring to spend the time I have available for producing educational materials. With over 23,000 subscribers, I would be quickly overwhelmed if I tried. I offer my MH New Buyers class and within each class I hold Zoom meetings where I can answer questions directly. Want more details? fmhla.mykajabi.com/ . The website offers resources for finding, purchasing, and maintaining the right home for you: www.floridamfghome.com/Buyer-Resources The distinction between lot rent , HOA fees, etc is a topic I cover in several lessons in the course so your questions in this area are not easily answered. There's a lot to know. If land-lease is your interest (and that's what appears to fit your budget) I suggest you start with my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option amzn.to/3c3UMPJ
I think it's better if you move into a mobile estate than a mobile park because if you move into a mobile estate no rich investor from California can buy it out & you become homeless than if you moved into a mobile estate where you own your land a big difference!!!!!!
Sorry, no such community list exists. I will have how to research this as part of a class I am creating for future buyers. Join my Inner Circle (free) to be notified when the class opens. www.floridamfghome.com/Buyer-Resources
Hello & thank you. When on a real estate site...what do you plug in? Mobile home with land for sale? Thank you. I have been looking without much success.
I use Realtor.com In the search menu pick an area, leave price range wide open, property type = mobile home and save the search. Both land-lease and private land will come up but private land listings will have a lot size and land-lease just a lot# or address.
They vary by jurisdiction. Best bet is to talk to planning & zoning in the county (or city) you are looking to build in. Recent legislation has changed a lot of that so some areas may still be in the process of adjusting.
No, sorry. There is no registry for 55+ any longer at the state level. Your best bet is to narrow it down to an area and then call individual parks. Some of the large operators list them separately on their websites. You could also hook up with a sales agency, such as Four Star Homes, that covers your area of interest. Links are in the website. www.floridamfghome.com/Buyer-Resources
I'm presently considering the purchase of a modest home in either High Point or Brookridge on Cortez Blvd, near Spring Hill. These are 55+ communites near some friends of mine. I also have a cousin in Coconut Creek, and another is a nurse in Tampa. Wish me luck.
Both look like real nice communities. Prices weren't bad either!!!! The west coast seems to have a much greater variety of communities like these. But, I have been there and traffic is pretty heavy. Doesn't matter much by the pool though😎
Hello Russ, I'm 60 and will turn 62 next year. My fiance and I have 3 minor children so I wonder about getting into a 55+ community having 4 people below 55. I'm wondering about your thoughts on this matter. Thanks.
The 55+ designation requires 80% of the households in the park to have at least one member 55 or older. It is up to the park owner and prospectus documents to decide what to do with the other 20%. Some keep it at 55+ - others have various ages they set as a lower limit. See this video for more on 55+ communities: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-h-dS6CxVjN4.html The policy regarding the 20% who do not have to be 55+ varies widely from park to park and is sometimes left up to the park manager. If you see parks that say something like 45+, those are 55+ parks that are allowing (some) younger people. Another scenario that may cause an exception to be made is when you are buying a home (mostly new homes) directly from the park. To get a definitive answer you must call the specific park. Parks owned by the same outfit can and do have different policies. That said, I haven't seen a 55+ that allows minor children. This can be because the park gets tax breaks for having no school children. There are many all ages parks that might be better suited for your circumstances.
Barefoot Bay might be a good example. There are still empty lots available and they are very pet friendly. You can build a home on the lot when you are ready. You need to talk with a real estate agent for the specifics on the buying process and a home dealer on their process. A few google searches should find several choices.
We have 4 poodles and am finding out no 55 + community allows that. Can you point us in a direction where we can buy a manufactured home where that would be allowed. And we can put a fence up and possibly a pool. Thank you from Minnesota
As you likely have seen, most communities limit pets to two per household. Exceptions are likely to be found in deed restricted subdivisions that are loosely organized. Laurelwood Estates in Port Orange, featured in the next upcoming video, is such a community. They don't publish their deed restrictions so you would have to contact them or a realtor that sells there to verify there are no pet limits.
I assume you mean rent the home back out? If you are in a simple subdivision then it's like any other rental and only subject to local, state, and federal regulations. If you are in a community it depends upon the deed restrictions or community rules.
STAY AWAY FROM RULES AND FEES, THIS IS A SIGN THAT SOMEONE ELSE WILL ALWAYS BE TELLING YOU WHAT YOU CAN AND CANNOT DO, YOU CAN ALWAYS HAVE YOUR OWN POOL, TAXES ARE CHEAP TO LOT RENT GOING UP EVERY YEAR
Sounds like you know what you want. But the best looking communities that I see are in structured settings with community rules. The trouble with no rules is there are no rules for you, and no rules for the houses around you. Still, some folks don't care as long as they are left alone.
