Tips for investing in Manufactured Homes

[Bryan Thomas]

Hey BP Community, I am a beginning beginner (if that makes any sense) to the real estate investing. I am in the initial learning phase in which I am trying to figure out which strategy to start investing with in the near future. I am studying wholesaling and Lease Option heavily, as far as strategy, at this point. However, I want to get some insight on a good niche ( type of properties) to start with. I have been considering SFH, but in my area (Richmond area, VA) there seems to be a lot of competition within this niche. Therefore, I have been considering Manufactured homes in rural and suburban areas. BP Community Members are there any tips or any guidance you can offer conserving this particular niche (Manufactured Home Investing). My goal is to be a cash flow investor and control nicer properties with lease/ options while either obtaining seller financing to rent out less attractive properties or just wholesaling them to other investors. This would be my primary business strategy until I build capital and experience. Anyway, I would love to hear what you guys think about this strategy. What kinda of challenges could I face with this strategy? What is a good amount of capital to start with for marketing? What are some of the more effective marketing tactics for this area? What are some things I can start practicing now that will best prepare me for my first dean and first marketing campaign?