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Updated almost 4 years ago on . Most recent reply

User Stats

72
Posts
19
Votes
Doron Rice
  • Closter, NJ
19
Votes |
72
Posts

Mobile homes

Doron Rice
  • Closter, NJ
Posted

Hi All- I'm new to BP and real estate investment in general. I'd like to start small and I've heard that mobile homes might be a good market to start in (ie good return with small risk, if true). Does anyone have any input/experience regarding this investment? Thanks so much!

Most Popular Reply

User Stats

27
Posts
10
Votes
Gabe Zader
  • Investor
  • Mansfield, OH
10
Votes |
27
Posts
Gabe Zader
  • Investor
  • Mansfield, OH
Replied

Hello @Doron Rice. I started out doing mobile homes in the mid 2000s. I read several books by an investor named Lonnie Scruggs. He would buy the mobile homes with cash, and then sell them on terms. I would suggest looking into "Deals on Wheels" by Lonnie. Also, research the SAFE act and how it might affect mobile homes and financing them to buyers.  Happy investing!

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