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Updated almost 5 years ago,
Manufactured home flip? Under contract for purchase. HELP!!!
Hello BP world! Experienced fix and flip investor here.
I recently put a 1974 mobile home under contract for purchase. Sellers have to leave ASAP and they priced it at $13K. It is
contingent on clear title and inspection. Other manufactured homes in the park have been listed and sold in the $30K-$40K price point. It needs minor rehab and a lot of work has already been done.
I think there is some room for a profit, but has anyone else flipped a manufactured home? What should I watch out for? Do they take a long time to sell? Is financing an issue for the end buyer?
Hope I didn't get myself into something I can't handle. Thanks in advance!
- Gus Muller