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Updated about 5 years ago,
Beginner in Mobile Home Investing
Hello-
I am very interested in investing in Mobile Homes but have very little knowledge in this field. I just finished reading " Mobile Home Wealth" by Zalman Velvel but still want/need more insight as to how things work. My initial goal is more cash flow which is why Mobile home Investing is appealing. I am hoping to buy 5-10 mobile homes within the next year. At this point I am only interested in renting them out and seller financing. My price range per home is around 5-10k. I would want to find fixer uppers & foreclosures. The states that I am most comfortable with as it stands is NC, SC, PA,DE & GA however I am open to other states.
If anyone can offer any insight as to where I should begin? Should I work with a broker or park manager? If so, where can I find them? Are there other states I should consider? Any insight that can be shared would be tremendous. I am eager to learn and soak up as much knowledge as necessary to head in the right direction.