What we learned rehabbing a used Mobile Home & Making it a Rental

okay we're going to talk about the mobile homeland we got finished with here the everybody's want to know about coast I'm not gonna give exact cost on it because I'm still actively buying in this area but there's a lot of things that go into buying and getting a hold of land like that let's talk about land first me and Ronnie had been looking for probably about a year and a half for some land in this gentleman gentleman area so we I see that son I called the guy immediately well he tells me he can meet me the next day so we meet up and Ronnie was there so we made a deal to buy the piece properly well from the time I said I would take the property from the time I actually purchased the property was about six months after it went through you know the lawyer and all this and then I had a guy on the property that I did and getting him off and them selling their trailer and moving it away from the place and getting it cleaned up and me getting mine on there it was about six points to process well after that we only worked one day a week sometimes two days a week we normally work Sundays sometimes I work at Saturday and a Sunday unless I get a phone call that something's wrong I only plan on working one day a week we do work a couple days a week sometimes and sometimes I have one guy sometimes I have two guys sometimes I have three guys so all that in the factory it took 30 days to do that work that home and I think it was eight or nine of those days was just in foundation and we subbed out the roof so the land around here can be anywhere from a thousand dollars an acre to $10,000 an acre depending on where it's at how it lays if it's asphalt road frontage if it's sand road frontage if it's you know on this side of the county or on that side of the county or you know out no-man's land so the land it's a big difference there the trailer itself when it started I'll tell you what it cost me to buy the actual trailer I paid $3,000 for the trailer to begin with that's an actual number and then I put 30 days worth of work into it the I should probably mention I'm the cameraman the the noise are hearing there are pigeons cooing in this building right here all right we will recoup our money faster than we would recoup it in the bank how long would it take you to make that thousand dollars but we will get it back faster doing it this way than you know putting it in the bank that's all I'm gonna say I'm not gonna give any exact figures so basically you spend a bunch of money but then now that we've spent the money the property is worth more than we spent for it and we're earning an income on it that's more than you would earn on that money in the bank so we have probably was from what we spent to what it so basically everything we spent our top dollar our top number of what the property has cost us if we tried to sell it the value of it is probably about twice what we're in it women you didn't tell them all that you didn't tell them some of the other things like what took the longest and you mentioned the the foundation and you didn't mention about water and septic so that raised the price of the land but an awesome in its list that you have to spend explain to them about okay so let's say you buy a raw piece of land and you get a cheap because it's just treed land explain to them what the cost would be like and the time to get get the lot cleared and then to get the septic that was already there installed because that's kind of that's kind of the biggest pain in my opinion is getting the septic system anyway the clear trees off piece of property is anywhere from three to five thousand dollars and now that does not give you grass that just gives you no trees you still have to level it and get grass to grow on and fertilize it do all that stuff but Donnie would have done that himself but it would have been a ton of time yeah wear and tear and gas it would [Music] so when we rolled up and it's a lot that already has a trailer on it and it it's a very nicely laid out lot where the trees have been thinned but there's still some trees in the yard so it looks good and it's it's nice and level and it's got a nice driveway that's level it will easily I've got plenty of so everything you know worked out on that piece of property I can put at least two homes and I could probably squeeze three if I really wanted to but to for sure the septic system costs you right now it's costing about twenty five hundred dollars for something system if you had to put a septic in that's hooked up to your house and this area down here the wells are seven to eight thousand depending on how deep you have if you have to go over 200 feet you have to jump through some hoops and stuff they can test it if there's roots in the ground so you kind of at that point you kind of screwed you have to you'd have to clear it and let it lay for a year or so so they can come out and retest it to see what the drainage is it's it's kind of but as the Wells more expensive but the well you just call them say hey I want to well they come out find a good spot for it and that's that well you get those dowsing rods though you worry about that septic over there is set up for a three-bedroom two-bath well they do it off the bedrooms so I had the choice of buying a one bedroom a two bedroom or three bedroom to put on that piece of property and still use that septic tank you don't have to upgrade anything and if I were to went with say a four bedroom then I would have had to pull that septic up and redo the septic redo the leach field redo the tanks redo everything it wasn't that's the best best-case scenario is what we found it did right so we if you watched all those videos everything was it was tore up everything was destroyed but the reason we were kind of laughing and carrying on and having a good time was because nothing was really destroyed that was a big issue like okay yeah the bedroom has holes rotted in the floor well the floor is a piece of plywood you know tear it up put a new one down you know the bathrooms the gap bathroom no it needs completely gutted and it seems like oh my god the things it's a money pit well people will like new bathrooms anyways you know people don't like you know if you're if you're trying to get a nice tenant that's gonna be happy and satisfied with the thing you don't want an old toilet in there that's all you know leaking and everything or the bathtub as tiles falling off of it I mean you kind of want something that's sustainable and can be cleaned where it looks new you know so we kind of had to do the bathroom anyway so it didn't really matter how bad it was because we're going to redo it anyway yeah now we know I know exactly [Music] I know what the Plumbing's made I know what to look for when I'm buying a non air-conditioner house deciding the roofing I know what all that cost so it makes it a lot easier now the next time I go in I know what to expect from 3000 we know exactly what it costs the booth we've got all the numbers that we need for the next so in schooling everybody pays something for school and we so we spent some money had a bunch of work that you know what some of it was a pain in the butt but you know we got a couple guys that we can hire that do a lot of the the grunt work that you really don't want to do those guys are happy to do it if they're well paid and we like those guys they like us we get along great with them so it's a big pain in the butt but at the same time we're only doing it once to one or two days a week it's kind of kind of a almost like a hobby but you know it's also an investment and at the end of the day the property is worth more than what we're in it by a considerable amount and it's a it really is a nice little piece of property another thing too is whenever they're out in the country like that there's not really in a bad neighborhood you know so it's not like the property next door is bringing that property value down or anything there's a couple acres there it's two and a half acres so that's a nice little piece of property somebody could buy that and build a nice big mansion on it if they wanted to you know I mean it's a it's a decent little piece of property so it's something they own and invest and it's a it's something that you can be proud of of having so one of the one of the things with living way out in the country like this is property's cheap and you can get a nice little piece of land where everything's peaceful and quiet and you can do what you want out in the yard and you don't have to worry about the neighbors causing a get to having the cops out there every night on them or usually you don't so it's country livings kind of cool it's a different way of life that's for sure of town but it comes at a cost - yeah lots of good things about cities - I'm not trashing cities it's just they're different you can it seems like stuff develops that kind of creeps out so like there's an area of so like Monroe is 30 minutes that way well if something's in Monroe it's worth pretty decent money because everything up there is developed and so for a certain amount of distance from Monroe the same things true but then you can get down here where maybe something on the main road is worth is more valuable per acre but you turn on one street and drive down that street half a mile and the stuff down there is dirt cheap and it's just because people haven't decided to buy that stuff but there's so much land I mean there's land everywhere house with acres with it you couldn't like we're in the middle of downtown right now and you can buy houses in town they're in the middle of town with two or three acres of land with it and that's just unheard of in most most bigger but we like this little place we're buying around here so we'll have plenty of work ain't that the truth so we will be filming some more videos of our next project we're working on the old jailhouse Donny's in the jailhouse now I told him once or twice to stop playing cards and shooting ninth season in the jailhouse now give us a comment down below we read them all and we appreciate it we'll see you on the next