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Updated over 9 years ago on . Most recent reply
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Flipping mobile homes & buying lot of land to move it to
I'm in Texas and VERY interested in flipping mobile home. Low cost/Low competition being the major positives that catch my attention on everything I read.
My question is, is anyone buying mobile homes that need work and then purchasing land to move them to? Wouldn't this create a higher ARV if you got to pick out a nice piece of land and fix up the mobile home there to sell. I really am interested in finding nice lots close to the lakes around Dallas. I just don't think I can do the standard buy an old run down trailer and sale for payments without doing any repairs. Not that that's not amazing for other people. I would just be more excited about creating a quality finished product and improving neighborhoods.
A little bit about me:
I'm a Realtor in Dallas and also have a construction background. I can do most of the dirty work and actually enjoy hard manual labor, it makes me feel good. I'm just trying to pick the best formula to fit my skill set on how to attack these MH's.
Any information or thoughts are very much appreciated. Thanks guys!
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- Rental Property Investor
- Clarkston, GA
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I agree with Rick completely. I buy double wides off auction. Com or REO usually first seen in zillow "nanufactured" automatic emailed search.
I pay $17k to $25k for nice homes newer than 1996 preferably newer than 2000. Just lipstick rehabs. Almost always a new heatpump.
Your all in needs to be under $35k. No way to stay under this max moving houses buying land septics etc. Can't even buy from occupants because they have too much debt.
This maybe a short lived business till all the foreclosed doublewides are Thriugh the system. Which I'm ok since I've got my 25... :)