mobile home investing

[Keenan Mabrey]

Highly interested in mobile home investing. Any suggestions on researching this niche?

[Bill Neves]

Hi Keenan

Welcome. 

Mobile Homes are a good investment if you're so inclined. 

Although they are reported to go down in value. I don't see it that way. It's an apples and oranges deal. It is a short term investment, compared to a stick built rental over several years. 

However, a typical $100k rental may return $300/mo cash flow after expenses.

Same $100k could gain you 5 or even 10 mobile homes with the same $300/mo cash flow each. Plus most people will need a loan for each rental purchase. If you do mobiles, you will sell some for cash, as many I've done, and can buy some outright, no payments, better cash flow.

If one rental is empty you have 100% vacancy. If you have 10 mobile homes and 1 is empty. That's 10% vacancy. Less exposure.

$1500-$3000 cash flow per month vs $300. Which would you prefer? You may only get 4-5 years from each unit. Just replace it and keep going. 

Personal preference but there are several people on this blog who do very well with mobiles. John Fedro (prior post) is a good example.