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Updated over 3 years ago on . Most recent reply
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Manufactured on Acreage - Mobile Home Investment
Has anyone invested in a manufactured mobile home that sits on solid foundation that came with acreage?
What did you do to invest in such property with a good piece of land?
I thought of building a home on the property and selling the mobile home, or just adding an addition to the mobile home and rent the home and land.
The home is over 1900 square foot, the engineering of the home is well-built, the inside of the mobile home is remodeled from the previous owners (very well maintained), it sits on 2.5 acres and the best part is that I purchased it below what it appraised. This mobile home does not sit in a mobile home park but it's surrounded by stick Built Homes, and I am seeing new homes being built in the area. So, I do see potential in the location on where the city is growing.
What are your thoughts?
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@Nathan G. Thank you, sir!! You're absolutely right!