Mobile Homes

[Louise Whidby]

What do you think about investing in mobile homes? I hear its really easier than wholesaling. I am getting really frustrated with the wholesaling thing!! All the mailings and non motivated sellers.

[John Fedro]

Hi @Louise Whidby and all,

Welcome to the MH group.

I love this group! As you can see we are all here to provide help and great feedback for anyone who asks. In less than 48 hours there has already been instant feedback plus some good conversations to help you consider the mobile home niche.

Bill and Matt gave really great advice and new-ish law restriction input that I would heed for certain. In addition like Bill stated, ask questions and get the answers to everything that confuses you, like you did with this post.

The only thing I would like to add is about your original question that made reference to profiting with mobile homes as easier than traditional real estate investments.

Investing in mobile homes is not easier than other forms of real estate investments. This niche takes just as much, if not more know-how and preparation than every form of investing. Wholesaling is common for newer investors, in my opinion because you have to wear less "hats". When wholesaling it is not necessary for you to manage tenants, close, handle repairs, etc. When investing in MHs you will likely have to be well rounded in all the marketing, negotiations, contract law, you will have to know when wholesaling, plus the ability to properly close, manage tenants, market to rent/sell, repairs, etc. I hope this makes sense. If not let me know.

It is possible to create profits with mobile homes, and I do not mean to discourage anyone, quite the opposite. However if you want to jump into mobile home investing without fully knowing the ins-and-outs you will very likely get burned, or at least leave much profit on the table.

I hope this helps and add value to you and everyone reading. Please feel free to write back any follow up questions or anything else you think may provide you value.

Thanks @Brandon Turner for the love.

All the best,

John Fedro