Orange County (Cypress, CA) Mobile Home

[Sienna Parker]

Hi Everyone! I'm an new investor considering investing in mobile homes in Orange County, specifically Cypress, CA. I currently live in the Bay Area and this would be my first property. 

Does anyone have any experiences with this market? What are the biggest considerations? If you have invested, how has it been for you? If you decided not to invest, why did you not?

[John Slater]

@Sienna Parker

Not all mobiles are considered vehicles. In fact, if it has wheels that yes it is, however the word mobile is confused with manufactured home also. In a lot of parks, if they are set on a solid foundation, and usually then bolted to the foundation, it is sold and owned as a house, whether mobile or manufactured.

It really depends on exactly what you look for.

Most mobile parks also charge space rent, some allow you to buy the land and not have to pay rent, instead it's a much lower HOA. The closer to the beach, the higher the rent usually.