Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

37
Posts
3
Votes
Brandi Bryan
  • Coldwater, MI
3
Votes |
37
Posts

Mobile home investment

Brandi Bryan
  • Coldwater, MI
Posted

Hi y'all!  I want and need YOUR opinion. There is a mobile home across the road from my mom, has been sitting empty for about a year now, the people that own it lived there for a long time and own free and clear. I heard they were asking $3,000, motivated to sell because they have to keep up on the lot rent $300 mo/. This would be my first investment, was looking to buy and hold it for a long time. Rent it at $650 includes lot rent and have a $350 positive cash flow. The place does need power washed on the outside, a small piece of skirting and back steps. No big deal. 

What are your thoughts? 

Thank you! 

Loading replies...