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Updated almost 5 years ago,
Mobile home investing
Hey guys,
I know that mobile home park investing is a thing, but i am curiuous if you are able to buy a single mobile home within a park and rent it out for cashflow. The reason I am asking is because I don't have a ton of capital and am looking to buy assests that produce great cashflow so that I can replace my W2 income. I know that people do buy, wholesale, flip, and hold single mobile home parks, I am just curious how that would work from a buy and hold perspective with lot rent since you would have to charge more then the lot rent and cover your debt service in order to cashflow.
Is that right? Or am I thinking about it the wrong way?
Thanks in advance for your help!