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Mobile Home Park Investing
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Updated about 9 years ago on . Most recent reply

User Stats

28
Posts
2
Votes
Jabri Carter
  • Las Vegas, NV
2
Votes |
28
Posts

Mobile homes?

Jabri Carter
  • Las Vegas, NV
Posted

are they good investments? Would they be easy to rent out? Would turning it into a rental prop. Be a good idea. Any suggestion? Anyone know the average price of them? 

Most Popular Reply

User Stats

193
Posts
117
Votes
Carol Venolia
  • Flipper/Rehabber
  • Monterey, CA
117
Votes |
193
Posts
Carol Venolia
  • Flipper/Rehabber
  • Monterey, CA
Replied

Hi @Jabri Carter,

Mobile homes CAN be very good investments, if you know what you're doing. Whether they're easy to rent out depends on where they are. Mobile home parks often don't allow subleasing, but some do. Mobiles on land outside parks can be rented out. Then it's just a matter of spinning your ad to help potential renters appreciate the home.

Average price is probably meaningless, because the range of prices is huge. In the area where I'm buying and renting out mobile homes, I've seen them for everywhere from $0 to $90K.

There are some great teachers in this arena. I recommend looking up: 

John Fedro: http://www.mobilehomeinvesting.net/

Rachel Hernandez: http://adventuresinmobilehomes.com/

And there are many more...

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