Finding and flipping cheap trailers to rent out?

[Lauryn Smith]

Hello! I am thinking about starting a career with renting out trailers. I would love any advice that anyone has to offer! I do have a few questions as well. Where should I look? I have heard of people in my area getting used single wide trailers 3 for two grand, but as I look on the internet I see everyone is asking for 13k for a trailer that I would have to put lots of money into fixing up. I think to start out I would get 4-5 trailers that I could fix up, but I don’t even know know where to start with all of this! I have never met anyone that has done this but I think it would be a great a way to gain assets and create passive income. I am so glad I came across this website! Would it be smart to take out a loan to start or should i save money to invest into it? My credit is perfect. What would my daily life be like as a property investor/landlord? Thank you so much for reading, I look forward to all advice and to learning more about how i can make my money work for me instead of vice versa ;)

[Charles Faul]

@Lauryn Smith. Hello, correctly repair a trailer usually takes a qualified person. I have done many total reconstructions on trailers . You can do repairs that are much cheaper , but you will have to constantly be repairing as they usually last for a little time . I have found that we did a better job on mobile homes than what was coming out of the factories with better quality products that cost more but lasted for a long time. Doing this way we have done has been expensive, but for the long term has been beneficial . I would rather have a trailer that we remodeled than a new one, but it still less expense than a house . Again remember we had our own crews and did quite a few of them and learning as we went . The $2 to $4 thousand dollar mobile homes usually have lots of work and constant repairs on them . Flooring are the worst and they have no cross strength , so eventually the floor will sag . It can be done and profitable but you either have to do it yourself to be profitable , cause getting calls out and using professional will destroy your profits . Good luck