Buying a remanufactured home

[Mickael Castillo]

I've been thinking about getting into remanufactured homes. House prices keep rising and I'm getting very frustrated with not having enough to cover the dti ratio. Is there a way that if I were to buy a remanufactured home, would it cashflow if i were to brrr them. Is there anything I need to know, is this even possible, more importantly would it even be worth it?? Thanks guys I'd appreciate all the help

[Nathan Gesner]

Quote from @Mickael Castillo:

I think you mean "manufactured" homes. These are homes on a steel frame, built in a factory, and delivered to the property. If they are built prior to 1978, they were not regulated and didn't meet code, so they are referred to as "mobile" homes. Homes that are "modular" are partly constructed in a factory and then assembled on the building site, otherwise they are just like any stick-built home with the same code requirements.

A lot of people have made millions with manufactured homes. Just know that they are typically a depreciating asset, just like a car. If you know what you are doing, you can buy them cheap, fix them up cheap, and then sell them for a profit. However, you could do the same thing with cars or any other asset. It's a means of producing income, not long-term wealth.