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Updated about 9 years ago on . Most recent reply

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44
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5
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Tyler Merrell
  • New to Real Estate
  • Central Alabama
5
Votes |
44
Posts

Mobile Home Park or Houses?

Tyler Merrell
  • New to Real Estate
  • Central Alabama
Posted

I have access to money and and plenty of land. Do I want houses of Mobile homes? Whats the best route for income? I am from south GA so Mobile homes are easy to come buy here. I also come with construction skills and can build stick built house about 1400 sqft for less than 45k. I know that Mobile homes may be the quicker return, but I am looking at more of the long term. Whats going to hold up or will replacing mobile homes and making those repairs still more beneficial? 

Like I said I am new, so any help would be great. What have you all found to be more advantageous and why? 

Most Popular Reply

User Stats

117
Posts
92
Votes
Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
92
Votes |
117
Posts
Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
Replied

Don't build a MHP - especially in the Southeast.  The SE is just too low-income.  Plus, you can acquire MHPs already full of homes and cash flowing nicely for less than construction cost.

Please see the 'Resources' tab on our website for more information.

My 2 cents worth,

-Jefferson-

  • Jefferson Lilly
  • Podcast Guest on Show #369
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