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Updated about 6 years ago,

User Stats

7
Posts
4
Votes
Jadon Kabernick
  • New to Real Estate
  • Asheville, NC
4
Votes |
7
Posts

Mobile homes insights?

Jadon Kabernick
  • New to Real Estate
  • Asheville, NC
Posted
Hey y'all. Newbie here. I've been soaking up all the info I can about REI over the last months and one thing I don't hear about often in mobile homes. What I've gathered is that they devalue much faster than normal houses, and maybe don't sell well? Anyways I've seen a lot of mobile homes for sale much cheaper than normal houses, especially the ones over 20 years old. One listing I've been eyeing lately is a single wide built in 1992 and its selling for much less than similar properties are. I would be looking into renting it and having cash flow. So I was wondering why they sell so cheap once their old? Are they notorious for falling apart and deteriorating once they reach a certain age? Would repairs typically be abnormally high compared to normal homes around the same age? (thus making the up for the cheaper paying price for it) I haven't heard much about that but I can't figure out why else these old mobile ones sell for so cheap around here. Any insight is appreciated as I said I'm quite new to this realm and just trying to learn all I can. Thanks!

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