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Updated over 4 years ago on . Most recent reply

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5
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Robert Blaine
1
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5
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Forced Appreciation by Moving?

Robert Blaine
Posted

Started looking at mobile homes recently as an asset class and was surprised by the vast array of prices. If prices are so different in 2 areas, then why not buy a cheap mobile home in a worse area (say a bad mobile home park) and move it to a nicer park (55+?)?

It would seem that would be a good way to force appreciation ($20K+) while only accumulating the costs to move up the place and renovate it ($10-15K?). Are there laws restricting this / too much headache?

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