Fix and Flip Mobile home

[Youdo Thirakul]

Does any have any experience in fix and flipping mobile home? I don't have a lot of capital but I'm looking to start back investing in real estate some how and mobile home seem to be the cheapest way. Right now I have a triplex and I'm house hacking which is cool, I want to start flipping SFH but no capital. Theres a lot of mobile park in Anchorage, Alaska so I was thinking about going around with my brother n putting up sign on there door about buying their mobile home. I don't really know how much their going for but i saw a nice one that was sold for 20k.

Here's my plan, go around putting up flyers and signs at these mobile home park. Buy them around 5-10k, I know a contractor that i can hire, if its not so bad i can have my dad to help me work on them since he works on houses around town, just small project though. So buy them around 5-10k, invest 1-6k (at most) and hope to flip them around 20-30k or more. I want to do this so i can gain some experiences and make some money before moving to SFH and beyond. I also want to start building a team, and with the experiences gain some partnership and investors. I want to start somewhere and this seem more logical at the moment. I grew up in a mobile home so i have some knowledge there.

My exist strategies are 

1. Buy and try to wholesale it but I don't know anyone really looking into mobile home

2. Buy, fix and flip it for profit

3. Buy, fix and hold it for cash flow, which won't be a lot but i should be able to get all my investment back within a year since rent in Alaska is crazy high.

4. Buy, fix and do a "rent to own" (i might have to talk to a lawyer if i want to do this). But this way I don't have to worry about fixing it up anymore and i can charge more since it going to spread out longer.  

Any suggestions, advices, comments, concerns will be helpful.  Thank you

[Wil Reichard]

I love the idea. I would suggest reading Lonnie Scruggs (I think that's the right name), his book called deals on wheels. He has a few great book on mobile home investing that really helped me understand the niches of MH's. Check it out! That should be your guide to almost everything in that area. Best of luck to you