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Updated almost 4 years ago, 03/03/2021
Adding Mobile Home to Vacant Land
Hi all, the wife and I live in the country and land prices are pretty low where we live. I'm curious if anybody has had success buying vacant land and placing a nice single or double wide mobile home on it and renting it out? The idea popped into my head yesterday and I have done zero research. Some back of the envelope calculation would indicate it would seem to make sense cash flow wise but I would need to verify the amounts as I am not sure how much it costs to buy and install a mobile home. Any thoughts or experience in this area would be appreciated.
Tom