Buying A Manufactured Home & Paying Rent vs Renting An Apartment/Home.

$Buying A Manufactured Home & Paying

Rent vs Renting An Apartment-Home.$

 

There has no doubt been lots of controversy over the

years about investing in a $Manufactured Home in a

Rent/Lease Park

Community$ vs. buying

or renting an apartment

condo, townhome or Single Family home (SFH). 

 

There is also no doubt that the ideal goal of entry level home buying/ownership or downsizing ownership for the average person today is the most favored 3/2 with a two car garage, a front and backyard and a white picket fence. Or perhaps even a cozy townhouse or condo. It's all Real Estate right? And you own it! 

 

HOME OWNERSHIP

to many is still 

$"THE AMERICAN DREAM."$ 

 

However, not everyone can qualify to own a home at the prices Coastal real estate is going for and that's where the RENTAL MARKET comes into play in a very significant way. But as we all know RENTING vs BUYING yields very dissimilar results and returns for the most part. 

 

You can rent a home, condo, townhome or an apartment in the map below for an average of $3500 per month plus utilities and watch $40,000+- every year slip through your fingers with no possibility of ever revisiting it.

 

In most rental scenarios there's not even an adequate TAX ADVANTAGE. So as the old saying goes it's:

 

"$$$ DOWN THE DRAIN."

 

However, there is another

option for folks with

 limited buying power.

Unless you're a cash

buyer  you still must qualify i.e. Credit,

Employment, Down payment, etc. but the price point is

by far and away a lot lower and much more affordable.

 

  $Want a way into Leucadia$ 

 

Here's how! A MANUFACTURED HOME

in a RENT/LEASE MANUFACTURED

HOME PARK COMMUNITY. 

 

"IN THE PATH OF PROGRESS"

 

Having been in the REAL ESTATE & CONSTRUCTION industry in the North San Diego Coastal area as a General & Manufactured Home Contractor, Manufactured Home Dealer, Developer, Real Estate Broker, Investor and Property Manatger  for the past 35 years I have not only seen it happen to others but have done it myself over and over again and continue to do so.

 

No, not every Mobile and/or Manufactured Home Community is a good investment. In fact as rent/lease MH Park Communities continue to age and rents keep increasing tenant/homeowners will not have the financial wherewithal or incentive to repair, remodel and/or replace their aging and failing homes in many MH Park Communities throughout the United States.

 

Thus, thousands of these MH park communities will become more and more blighted and the value of the Manufactured Homes in those communities will continue to decline.

 

A lose lose situation no doubt and unfortunately there are thousands of scenarios like that salt and peppered all over America. 

 

Hence, I digress back to $"IN THE PATH OF PROGRESS"$ One of those paths is MANUFACTURED HOME PARK COMMUNITIES in and along the desirable, ever gentrifying, ever improving city of Leucadia  92024.

 

$Leucadia's little sacred secret?$ 

 

"The Sands", "Hilltop Trailer Park", "Beacons Court

Mobile Estates", "The Wee Mobile Home Park" and

 "Valley of Dreams", all West of Coast Highway 101

between La Costa and Encinitas Blvd. 

 

These are the $Diamonds In The Rough$ or your favorite Secret Surf Spots where you can get the $Biggest Bang for their Buck$ and catch the Wave of the Day.

 

Simply by $Owning a Manufactured Home$  while you  rent or lease the space the value of your investment continues to appreciate.

 


 

Sure, you will pay rent for the space and some utilities but you will  $OWN YOUR HOME!$ 

 

$So who cares if you

only rent the space as

long as you see

increased resale

value in your Home

Investment?$

 

The average price point in paragon below for a site built Single Family Residence (SFR)   is around $3,000,000. It currently averages $185,000 and gaining for a Manufactured Home. 

 

There are 5 Rental/Lease Manufactured Home Park Communities within the lines of the polygon that sit in and around, multi-million dollar homes and estates.

 

The average price so far this year for a Manufactured Home in Leucadia is around $100,000+- for a pull out and/or total fixer (albeit you can still find  an occasional good deal if you know whose selling. Or, I can do for you insteadIf I don't buy it myself. LOL!

 

 

The map within the paragon above shows today's, August 18th., MLS listings for rental and sales properties. That's all the available inventory be it Site Built FEE SIMPLE resident owned or a Manufactured Homes on leased land. 

Click here For more detailed information about this area from Coast Highway 101 East to I-5. between La Costa & Leucadia Ave.

 

Of the 16 visible listings posted above (some are covered up) 7 are resident owned site built rental properties at an average of $3500$ per month plus utilities. The 3 resident owned site built homes listed for sale  above average $2,000,000.$

 

There are 3 manufactured homes for sale within the polygon (remember not all Manufactured Homes for sare are on this map). One is the listing below in "The Hilltop Trailer Park" for $375,000$, one in Valley of Dreams for $280,000$ and one in the "Sands Mobile Home Park" for $59,000$ (which could be a pulled out and replaced depending on the condition of the home and buyer motivation). 

 

Or you can do as some folks do; pay cash, remove the old trailer and install a new custom Manufactured home or two story Park Model depending on the MH Community and the size of your lot. 

 

If you replaced the old trailer or mobilehome with a new 2 story Park Model similar to the other new ones in the "Sands Community" it will end up being worth more than you've invested into it if you know what you are doing or work with people who do

 

NOTE: Not all RE agents and brokers use MLS. So I encourage you or the Real Estate Professional you're working with (and I hope its me) to take the time to drive through these 5 $"Diamonds In The Rough"$ regularly as things can change from day to day.

Additionally, there are always more FOR SALE SIGNS than what is shown on the MLS real time map above. There could also be several pocket listings from individual RE Professionals who don't want to publicly list and of course there will always be FSBO's.

 


 

AERIAL PHOTO ABOVE: One of few active listings in this

area. Hilltop Trailer Park, 155 W Jason St. Space 15,

Luecadia: Listed at $375,000$  Discuss rent/Lease terms with park owner.

 

Today's average space rent is around $1200$ per month. For the most part with park onwers adjusted annually to the Consumer Price Index (CPI). You can begin to see the reality even more clearly. You're looking at about 10 to 25 percent of the cost of purchasing one of your neighbor's multi-million dollar homes or estates.

 

The resale potential for Manufactured Homes since the market turned upward has kept up with if not exceeded the Consumer Price Index (CPI); even when space rent is included. Space rent year over year seems to be increasing on an average of 4% in the MH Park Communities in this area.

 

$I own, rent, buy and sell in these five

communities and I'm dealing with it first

hand day in and day out. $ 

 

There is a growing trend in the number of Manufactured Homes being sold, remodeled or replaced in these 5 communities.  The current and future gentrification of these  charming, intimate and almost private little $"Diamonds in the rough"$ is here to stay.

 

They won't get any cheaper but will continue to $earn value$ because of their unique and limited inventory, location and ongoing gentrification.

 

The city of Encinitas, who's City Counsel also governs Leucadia and Cardiff by the Sea hired a consulting firm to conduct an independant study  and concluded that it was in their best interest to continue coveting these hidden $Diamonds$ for a variety of reasons.

 

That has put the fear of park condemnation and rezoning to rest and re ignited enthusiasm for folks

to jump on board.

 

Be you a young first time home buyer, retiring and downsizing, a local, a Zony, a Snowbird, a weekender, an investor or someone who just wants to make Leucadia their permanent or part time living destination now's the time to get real about it.

 

I have personally yet to see a seller/owner lose $money$ on a Trailer, Mobile or Manufactured Home in this area. Even the tired and trashed out old beyond there years "trailers" left over from circa '50's-Mid 60's, Mobile Homes circa '60's to mid 70's  or "Manufactured Homes" Mid 70'-Present" usually make some money for the seller if they bought in at the right time and took care of them.

 

$Like anything, its all about Timing and & Positioning.$

 

So do the math. Would you rather purchase a nicely remodeled or even new Manufactured Home, pay the loan costs (unless you're paying cash), a small amount of taxes, utilities and insurance plus the rent for an average annual outlay of about $30,000/year and you own it? 

 

Or, would you rather buy a $3,000,000$ home that will cost you an additional 1.2% assessed annual property tax that will continue to increase annually, plus utilities, plus insurance, plus maintenance, yada yada yada?

 

$If so I'll Be Happy To Discuss that as well.$

 

If owning an asset

instead of throwing

$$$ DOWN THE DRAIN

by renting is what you

want..... guess what? You

to can still enjoy the

same quality of life, surf the same waves, walk the  same

sandy beaches and enjoy all that Leucadia has to offer at a

fraction of the cost by Investing in a Manufactured Home

in Leucdia.

 

LET US SHOW YOU HOW!!

 

 

Why To Choose Us?

John DL Arenden, Broker 

TAG Real Estate Sales & Investments

TAG (The Arendsen Group) Real Estate Sales & Investments is a full service, one-stop, turnkey, family owned and operated real estate brokerage, General Contractor, Manufactured Home Contractor, Developer, Investor, Property Manager, Interior Design, Engineering, architectural, Landscape design, Expert Witness, Consulting, Curative Title and Troubleshooting company with over 100 years of combined experience in the San Diego real estate sales, construction, design & development arena.

 

 

 

 

SUBSCRIBE TO MY BLOG VIA EMAIL: Enter your email address:

Delivered by FeedBurner

 

 

Comment balloon 4 commentsJohn DL Arendsen • August 16 2016 06:10PM
Buying A Manufactured Home & Paying Rent vs Renting An Apartment…
share
$ Buying A Manufactured Home & Paying Rent vs Renting An Apartment-Home. $ There has no doubt been lots of controversy over the years about investing in a $ Manufactured Home in a Rent/Lease Park Community$ vs. buying or renting an apartment… more
Some Neighborhoods Being Inundated With Over Crowded Rental Tenancy
share
Some Neighborhoods Being Inundated With Over Crowded Rental Tenancy How are things going in your neighborhood today? Have you been noticing anything peculiar or different going on lately? Like a half a dozen cars crammed into one driveway for… more
ActiveRain Summertime Meet Up Rescheduled By Popular Demand.
share
ActiveRain Summertime Meet-Up Rescheduled By Popular Demand. Due to I-5 North and South bound traffic during the popular tourism months of summer we will be rescheduling the time to Wednesday, July 27th from 11:30-1:30 We hope this will make… more
ActiveRain Summer 2016 Meetup in San Diego (Oceanside)
share
It seem like I get more blowback from reblogs than I do my own material sometimes so here goes. please join us on July 26th from 4:30-6:30 at the "Lighthouse Bar & Grill" Oceanside July 27th from 4:30-6"30 Oceanside Harbor… more
For Sale. Your perfect vacation "BEACH CASITA" or fulltime…
share
$ For Sale$ Your perfect vacation "BEACH CASITA" or full time residence! $375, 000$ 2008, 24'x36', 840sf 2bdrm 2bth " Silvercrest" Manufactured Home Included are all these wonderful features: 2 bedrooms 2… more
Finding an unusual amount of foreign cash buyers in your market?
share
Finding an unusual amount of foreign cash buyers in your market? Personally when I hear folks say they think the "Worlds going to Hell in a hand basket" I take pause with a slight whence then a smile and a gleam in my eyes. .. more
A Fountain of Salmacis? Leaking from weep hole on frost free hose bibb
share
I must admit I've been remiss in attending to our group MANUFACTURED HOME SALES AND LENDING INDUSTRY But I'm certainly glad I checked in for the first time in awhile. Donald Hester contributes some of the best ever Home Inspection topics on… more
"You Cannot Kill Us! " "Freetown Christiania",…
share
"You Cannot Kill Us! " "Freetown Christiania", Copenhagen, Denmark. One must see this unique attraction which was highly recommended to us by the concierge of the Copenhagen Marriott where we were staying before our… more
Traveling Is A Very Personal, Individual and Inspiring Opportunity.
share
Traveling Is A Very Personal and Inspiring opportunity. We all owe it to our selves to take time out of our busy lives to see those things outside of our World that make life so worth living. I start out each day with a special message to… more
Now This Is Telling It Like It Really Is In Copenhagen, Denmark
share
Now This Is Telling It Like It Really Is Here In Copenhagen, Denmark Only walked 7 miles today through the beautiful and charming streets of Copenhagen. Love the folks, temperament and lifestyle here. People seem happy and content and really… more