How did you get started in mobile home investing?

[Kenneth Cowan]

I am fascinated with this niche.  I am diving in 100%, but just like with a stick built investment home, I am finding it hard to make the jump to get started.

So, I was hoping to hear some stories on how others found their way into this niche?  

[Leslie A.]

I'm not exactly sure what you're asking. Do you mean financially?  Getting the nerve up?  Finding deals?

You're  looking to do MH  parks.   I am very small time. I rent RVs. 

As far as starting the principles are probably similar, though. Just mine was on a smaller scale.  

Financially, I started with $10,000.  We had gotten $4,000 back on our income tax and my husband had gotten a $250 a week raise. I saved that for 6 months. 

Then I purchased the 1st RV for $4,000 including repairs. From then on I used the remainder of the $10K and rent money that accumulated. 

As far as getting the nerve up to take action, that was tough. I read and did financial projections for months (correction--i'd been reading about investing for years.) I began scouring Craigslist for deals. One day I found one and I bought it. Yes, I was so scared. I was very scared until the day I rented it out. After that, it was much easier.