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Updated almost 9 years ago on . Most recent reply
Manufactured Homes
Hey Everyone!
Being new to Real Estate investing (and not having a lot of money!) I was looking for a way to start out relatively small. Then I ran across Manufactured Homes. What's the best strategy when it comes to mobile home investing? I realize that they don't appreciate in value (and can often depreciate). But it seems like I can acquire a relatively cheap mobile home that will cash flow nicely once rented out. Should I buy and hold for a few years, make some money (hopefully!) on the rents and then sell? Or is more of a long term play? Or should I just stay away from Manufactured Homes altogether because they can be to risky?
Thank you for taking the time to read this and I look forward to chatting with you all!
Most Popular Reply
Both. Mostly we are dealing with mobile homes in communities. Less dollars due to no land included. Personal property so easy to buy and sell. Much like a car. No title company usually.
With land, they're treated as regular real estate. Title company, etc.
Lots of investors say avoid mobile homes AT ALL COST. We disagree.