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Updated over 1 year ago on . Most recent reply
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Anyone else flipping new mobile homes on land?
Hard to find mobile home posts not in the 'park" forums. 3 years ago I transitioned from SFRs to mobile only. Rehabs but mostly demoing old homes and replacing them with new or developing raw land for new homes. Typically in GA my ARVs are 250-300k, usually around 30% ARV in total profit after all soft cost including financing. Even when interest rates went up I had to drop the prices on all my SFRs listed, but literally raised price on each mobile home.
Anyone else using this model with success besides @Erin Church ?
Most Popular Reply
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Hey Andy,
I'm sure you know that zoning is step one :) Just because a manufactured home was on a parcel doesn't mean your county/city will allow you to put back a new one. I would suggest calling and verifying any parcel before you buy. Also, just because utilities are available (usually sewer), doesn't mean you can tap into it. (I currently live in a city that doesn't allow manufactured homes to tap into sewer, even if it's available.)
@Robert E Bogino - I'm sure you've got a million other tips, I just wanted to hit on the "make the calls" part of things :)