mobile homes

[James Sotipalalit]

Does anybody invest in mobile homes here on biggerpockets?  My question is for mobile homes is the only way to deal these is it just buy and hold? Is it possible to buy for a short term then flip it?

[John Fedro]

Hi James,

Thanks for your interest in MHs. 

Water said it best by mentioning to look around in the forum's section for mobile home related questions, articles, and topics. This site has a ton of useful info and people willing to help.

To answer your question Yes you can quickly resell mobile home properties for fast cash or a quick flip. If the home is inside a park on rented land than pursuing your Dealer's license may be something to consider moving forward. If only buying/selling mobile homes on land then there is no limit as to Dealer status. If you plan on your end-buyer obtaining a new loan/mortgage than there are many additional things to consider, such as; seasoning, is the home financeable, is your buyer financeable, does the home appraise for the selling price, etc.   

You can also wholesale contracts and not even have to close on the homes. Concerning investing, if you can do it with a SFR then it can likely be done with a mobile home.

Thanks for the shout out Walter.

Best,
John Fedro