Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

292
Posts
34
Votes
Sean Dezoysa
  • Investor
  • Toledo, OH
34
Votes |
292
Posts

Do $2,000 mobile homes still exist?

Sean Dezoysa
  • Investor
  • Toledo, OH
Posted

After reading "deals on wheels" and "mobile home wealth" I was determined to scour all the local parks to find single wides with $5000 asking prices, and negotiate them down to a $2000 cash sale.

However, my experience has been quite different from what I've read in the books. I can't find any single wides with an asking price of less than $13,000.
The range seems to be from $13,000-$25,000. I was very surprised by this, since what I read indicated that the lack of conventional financing is what allows you to buy a these homes for so cheap.

When I called several local mobile home dealers, I found out that 15 to 20 year loans are available for mobiles. And the houses do seem to be moving fast, since vacancy rates seem to be low at the parks I visited.

have things changed or am I just looking in the wrong areas?

Most Popular Reply

User Stats

1,611
Posts
839
Votes
Rob Gillespie
  • Specialist
  • Cleveland, OH
839
Votes |
1,611
Posts
Rob Gillespie
  • Specialist
  • Cleveland, OH
Replied

Sean, 2000 dollar actual single family homes exist! LOL!
Mobile homes are next to nothing in some parks. Look on craigs list. I just saw one for barter that a guy wanted a quad or dirt bike for his single wide and it was pretty nice.
Personally, I would just do single family homes. this is a nice era in time that you can buy property for less than a car.
Good luck!

Loading replies...