Best Practices for Marketing that You Buy Mobile Homes

[DeAndrea D.]

Hello Bigger Pockets!

My husband and I are putting words into action and we’re finally about to get started with investing in real estate. We chose Mobile Homes for a slew of reasons that I won’t get into here, but suffice it to say that the money needed to get started was a main factor in our decision.

We are looking to start marketing that we buy mobile homes so we can get some leads. What methods of advertising you have see the best results with? I know we may not replicate those results but we’re open to any creative ideas you have.

[Jerry Lucker]

@DeAndrea Douglas

More than half of the mobile homes in parks I buy to flip I purchase as bank repos.

Mobiles, being personal property, not real estate, depreciate.

There are always people who quit paying their loans. Banks/Mortgage companies often sell these homes cheap because they do not have the available resources to efficiently rehab and resell them. They’re in the money lending business, not the rehab business. They know investors buy most of these houses and the investors have to make a profit.

I’ve purchased many houses for $5K to $10K, put $5K to $10K into the rehab, and sold for $30K to $50K.

On average I’ve more than doubled my investment on most of the mobiles I’ve flipped. Sure can’t do that with most real estate!