Flipping Manufactured (Mobile) Homes

[Richard Lambert]

I'm interested in flipping manufactured/mobile homes and would like to hear from anyone with experience in this type of investing. What is your level of experience in this area? What has worked for you? What would you tell an investor new to this type of investing? What are the pros? What are the cons? 

[Robert E Bogino]

This is what I do exclusively now, used  to flip SFRs.  I am going to assume you mean doing mobiles on actual land real estate and not in parks.  Renovation wise they are similar to SFRs with a few weird things that never seem to fit right like tubs, cabinets etc.  Depending on the year they do not typically have plywood flooring but material that once its wet one time is ruined.   This will make most jobs needing more extensive rehab with flooring, sub floor, floor joists, vanities, an what ever is sitting on top of the floor.  There are a few things you need to make sure of before you buy like year (do not buy pre 1977), titles, and if it is retired to land.  These things if not checked may literally make it impossible to sell to an end buyer on a traditional mortgage.

I make a killing on them and will never go back.  When interest rates rose Ii had to keep dropping the prices of all of my SFR flips while my mobile all went up.  Now I put brand new mobile homes on land and I cannot do them fast enough.

Any other specific question list them here and Ill do my best to answer.