Mobile Homes in Florida is Like 'Eye Candy'

[Sheena Prattis]

There are mobile homes everywhere for sale, particularly in the Tampa Bay area. HOWEVER, there's no strategy to buying and selling for a decent profit, or at least I haven't figured it out.  The biggest issue is the park owners are operating like a monopoly; lot rents are through the roof as many are charging as much as $500+ per month. So, for example, if a tenant is financing the mobile home and paying lot rent, their monthly cost could be anywhere from $700 or more.  With those type of costs, most people would probably prefer a condo or even an apartment (especially in Florida). In addition to that, Florida law states if an individual buys and sells more than one mobile home, they must be licensed. There must be a way to invest in these homes- has anyone heard of or know of anything new? I don't think the Lonnie Scruggs way work anymore.