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Updated over 6 years ago,

User Stats

9
Posts
3
Votes
Grant Merrill
Pro Member
  • Investor
  • Rockwall, TX
3
Votes |
9
Posts

What's the deal with Manufactured Homes?

Grant Merrill
Pro Member
  • Investor
  • Rockwall, TX
Posted

My local area has quite a few manufactured (manu) homes. It is a more rural area with a city center nearby. I have started looking as some of the properties that are for sale. Not know much about manu homes I turned to the forums for more information. There seems to be a toss up on the feelings of buying manu homes. Some say they are a great (read cheaper) way to get started in investing, while others swear that they are garbage. I realize that a lot of opinions may be based on experience in a different markets. I'm just trying to get a better feel for whether it is ever a good idea. Do manu houses work for long term buy and holds or better as a fix and flip? Would I be able to use a strategy like BRRRR on a manufactured home (in other words is there an avenue to refinance after a rehab)? What expenses are there on manu homes as opposed to more traditional stick houses? Just trying to get as much information as possible to do accurate calculations.

Bottom line are manu homes worth the squeeze, so to speak? 

Thanks in advance.

  • Grant Merrill
  • Loading replies...