INVESTOR RESOURCES
MOBILE HOMES
Understanding the 3 M’s: Mobile, Manufactured, and Modular
by Chimene Van Gundy – “Mobile Home Millionaire”
Y ou know by now that you can stand to make a sizable fortune off of mobile home investing, but do you understand the difference in the “M’s” behind the millions? This is your one-stop shop to understand- ing the differences between what is regularly encompassed as a mobile home, but is in actuality likely to be either manufactured or modular. While mobile homes and manufac- tured homes may be interchangeable to much of the general public, and often used to describe the same sort of housing, the National Mobile Home Construction and Safety Act of 1974 distinguished the difference between the two. The primary differences were later further deliberated and differentiat- ed within the only national building code to be federally regulated. The HUD Manufactured Home Construc- tion and Safety Standards lists these differences as: • Design and construction • Body and frame requirements
to five sections based upon the size. They can even have multiple stories. When you take the 3 M’s and you compare them to site-built, you may be hard-pressed to distinguish any telltale differences. But when you are in the process, and walk beside a homebuyer building a site-built home, you will then see the major differences along the way. The time, the cost, the options...so many more upgrades are available for the budget-friendly and highly economic mobile, manufactured and modular options. •
• Thermal protection • Plumbing and electrical • Fire safety • Energy efficiency
In the same manner in which both mobile homes and modular homes are built, sections of the modular homes are built in a facility that is climate controlled and designed for the specific use of home building. Modular homes are built to comply to the local, regional and state codes of the home’s intended final destina- tion. This is, of course, the same as site-built homes. Homes can be built with as many as five sections that are transportable and are joined to one another upon reaching the end location. Local contractors special- izing in the joining of the parts are brought in at this point. Typically, any required inspections are done once the home’s setup has been finalized at its final location. Modular homes can vary from two
Chimene Van Gundy is the mother of five children, and she runs and manages five different companies. She is known as the "The Mobile Home Millionaire" and “Queen of Mobile Homes” because
she has fixed, flipped, and wholesaled more than 400 units to date in four years and in 11 states. She currently owns 20 mobile home parks and has taken her business international by rehabbing mobile homes in Ireland, where they are called “Holiday homes.” Chimene is on a mission to preserve the “last frontier of affordable housing for the U.S.” and is currently teaching others how to use these “little boxes that spit out cash” to change their lives and live the life of their dreams through her mobile home millions platform.
34 | think realty magazine :: may 2020
Made with FlippingBook Online newsletter