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Updated over 4 years ago,

User Stats

6
Posts
4
Votes
Matthew Lewis
  • Investor
  • Ocean Isle Beach NC
4
Votes |
6
Posts

Scare me away (from 55+ MFH rehabbing)! Or, not.

Matthew Lewis
  • Investor
  • Ocean Isle Beach NC
Posted

I'm in Mesa, AZ, which, if you haven't toured, has too many 55+ manufactured home communities to mention. Homes can date back to the 80's and can be had at very low prices when in need of rehabbing (decent spread as a percentage of the ARV). Of course, resale can be limited by the over 55 requirement, lot fees can be $750 a month, etc. But, we do have a wave of under prepared retirees looking for a low cost option coming (of course, nobody reading this). Anyone have any experience or insights?

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