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Updated over 8 years ago on . Most recent reply

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Danny Gibson
  • Theodore, AL
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Need advice

Danny Gibson
  • Theodore, AL
Posted
Hi this is my first post and I'm thinking about investing in mobile homes. I am from Mobile, Alabama and would like any advice on being able to determine if this is a good market to begin in. I am also open to any advice regarding general real estate.

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Linda S.
  • Investor
  • Richmond, VA
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Linda S.
  • Investor
  • Richmond, VA
Replied

To answer your question, you have to determine your strategy, do you want turnkey properties,   or do you want to do all the work of a renovation?   What type of tenants are you looking for?   If you do renovations, make sure skin is thick, and your pockets/credit are deep.   There's a wide array of answers... but in general, unless you're only doing section 8, large, steady employers are what I like to see.   I like to buy near military bases, or colleges.    

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