Might have to start with some mobile homes
So I had the opportunity to meet John Fedro and Jon Klaus at the Austin meet-up. Great guys if you ever get the chance. Anyways, they got the wheels turning on investing in mobile homes. I did some driving around today and located one that I'm going to pursue. I met one park manager. I'm going to look for other trailer parks nearby and take a drive out to them.
Just from what I'm seeing, the returns on mobile homes seem to be significantly better than on rental properties. Does this sound accurate? It almost seems like a no-brainer to me. However, I could be missing something...
Anyone else out there do strictly mobile homes? How's it working for you?
Thanks guys.
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#3 Guru, Book, & Course Reviews Contributor
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Carl G., The SAFE Act has killed Lonnie Deals, MH dealers are pulling thier hair out with it.
The returns can be better, now ask do you really earn the difference...
Cheap MHs are full of tenant and maintenance issues, not saying you can't get a good tenant, just saying they are fewer and far between, just don't turn yourself into a slum-lord. :)