Buying mobile homes and then renting land?

[Chris Lynch]

I have been doing some research and I have been looking into mobile home investing as a low barrier to entry. Giving me a chance to buy an asset that cashflows.

After some research I have thought about this: Buying a mobile home with land. Then listing the mobile home without the land  for sale. Once I get a buyer they will pay me a fee every month for the land they have the mobile home on. Am I missing something, this sounds to good to be true. Cash-flow without repair expenses?

I would love to hear feedback and ideas.

[John Fedro]

Hi Chris,

That is a fantastic idea to pursue. As long as your county or city codes allows for mobile homes to be added to your land you can begin getting the land and utilities ready for 1 or more mobile homes.  

With that said you are really deciding to be in the mobile home park creating and investing business for cash flow. If your wallet/financing can support this and proper due diligence is performed you should highly consider moving forward. If you move forward on this path I am sure there is a "How to develop a mobile home park" how-to book somewhere to help some.

If it is cash flow you seek you may also aim to invest in some mobile homes already located in preexisting parks to then resell. By helping current sellers you will naturally find inexpensive mobile homes for sale and empty tracks of land for sale by motivated sellers. It is at these times you can increase your mobile home knowledge by creating a small park, or even single home-land package.

Just trying to present options. 

Great advice Curt.

Talk soon,
John