5 important legal differences of mobile home investing

Something to consider before changing your investing strategy

Mobile home investing has great potential ROI but there are nuances that requires an investor to do his/her research before jumping in.

Want a quick overview of the biggest legal differences of mobile home investing? Check out our quick list of things to think about:

  1. Manufactured homes (mobile homes) are personal property — they have different ownership qualities and are treated like a car, boat or RV. This means the title is administered by the Department of Motor Vehicles.
  2. If the owner of the mobile home is unable to make their payments they’re not foreclosed on — instead the property is open to repossession (just like a car). This process is called a replevin and is filed with the court system so as to not “breach the peace” during the removal of the personal property.
  3. If you rent a lot or slab for a mobile home, you are evicting an entire home not people — therefore, you would issue a 5 day notice rather than 3 day (like in an apartment or single family home) because the tenants need more time to move the home.
  4. You don’t have a typical lease agreement — your lease and park charter (think HOA) need to abide by the Mobile Home Park act that outlines the rights and regulations associated with this type of investing.
  5. You have a different socio-economic demographic as your customer — this means loans tend to be of poorer quality with higher interest rates. You also have to consider higher default rates AND the potential for more evictions.


Word of advice: this isn’t the strategy for a passive investor. Be prepared for some labor intensive work, not only legally but the day-to-day management of these properties.


February Meeting Agenda & Logistics:

6:00-7:00pm: The Investor Lab — Join us for one or all of the following:

Food Served from 6:00-7:00pm

  • Networking
  • Workshop Troubleshooting Forum
  • "Hot Seat" featuring an expert in deal finding, marketing, financing
  • Team & Resource Building
  • Haves & Wants and Sharing Success

7:00-8:30pm: Main Meeting — Mobile Home Investing … is it a strategy you should consider? with the Rocky Mountain Home Association

8:30pm: Continued Open Networking

Tuesday, January 13th
Colorado Springs Monthly Meeting - Mobile Home Investing
Wednesday, January 14th
Denver Monthly Meeting - Mobile Home Investing  
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Thursday, January 15th
Northern Colorado Monthly Meeting - Mobile Home Investing