How to get started in Mobile home rentals?

[Channing Schofield]

Hey there BP family!! I'm a newbie from SC, and I took the advice of what many would tell you, network. I ran into a daily acquaintance. We were discussing REI, and he mentioned mobile hme rentals. I'm fairly new to REI, he offered a website www.mhvillage.com. Any help or advice towards entering this niche?

[Jeffrey H.]

There's basically three main types of mobile home investing: 1) Lonnie Dealers who invest in mobile homes inside Mobile Home Parks; 2) Land Home deals where you buy a mobile and the land it sits; and 3) Mobile Home Parks where you have lots of mobile homes and decide whether you rent them or the tenants own them and only lease the land from you.

Each strategy has their plusses and minuses, and there are books about each one of them on Amazon.  For number one @John Fedro has a lot of resources on this website, number two I consider @Curt Smith to have a very good model; and number three I always look to the guys at Mobile Home University and their Due Diligence Manual and Home Study Course as the bedrock for the basics.  There are also several other teams (e.g. Park Street Partners, Mobile Home Park Academy, etc) that have good podcasts to supplement.

There is a whole section dedicated to Mobile Home investing.  Post any questions you have there and you will get plenty of answers from seasoned investors.  Have fun!