Thoughts on buy and hold manufactured homes?

[Raychel Raymer]

Hi, I’m seeing several manufactured homes that may appear to need little rehab and are generally in good-ok areas. Any thoughts or experience with mobile homes using a buy and hold strategy to generate rental income?

[Jerry Lucker]

@Raychel Raymer

Mobiles make good rentals if they are on their own land. Generally mobiles in parks have to be owner occupied and can’t be rentals.

Flipping mobile homes in parks for quick cash can also be very profitable. I’ve done it for 20 years and have been able to purchase several rentals with the cash generated.