All Forum Posts by: Rachel H.

Good question! I've been in the niche since 2007 buying homes in parks and out on land moving them into the parks. Now I'm wholesaling mobile homes on land and in parks. 

Overall, it's been pretty profitable. Feel free to DM if you have any questions. 

Hope that helps! 

@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future. 

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

Best of luck with things. Hope that helps! 

@Jeff Ryan To be honest, it would depend on your goals. One of the things to watch out with mobile home parks is the increase in lot rent. Over the years, the lot rents for parks nationwide has increased at a faster rate. Unfortunately, this can make it unaffordable for some residents living in these parks. 

If there is demand and the market supports a market for mobile homes, it could be an opportunity. Though not all opportunities work for all investors. It really depends on the investor, their comfort level and goals. 

Personally, I've been in the mobile home investing space since 2007. It has worked out and I've invested in different areas and aspects of the niche. Though, it has taken a lot of time and experience to get to the level where I'm at today. 

However, I've known others who have tried to get into mobile home investing but it has not worked out. Results are different for everyone depending on the investor and their goals. 

Honestly, I don't think there's a one size fits all or a right or wrong way to invest in real estate. Success depends on the individual. Those I know who are successful real estate investors have tried and failed in different areas through the years. One thing that stands out is that they all have specialized and focus on a niche. 

Best of luck with your decision. Hope that helps! 

@Mohamad Guene Regarding your question, it really depends on the investor. There have been many investors who have been successful in mobile home investing. On the other hand, there are others who have tried it and it just does not work for them. 

Like any area in real estate investing, you'll have to learn your market and take the time to learn this niche if you're interested in investing in mobile homes. 

Personally, I've been in this niche since 2007. Have been through a lot of ups and downs throughout the years. Overall, it's been profitable. 

Feel free to DM if you have any questions or would like some resources on the topic. 

Hope that helps! 

@Nicholas Groover You may want to check with your local manufactured housing association. Many times they provide contracts and forms for their members. Hope that helps! 

@Stephen Karathomas The values of mobile homes and what you can pay for them depend on the area(s) you're working in. Regarding the advice you've received from others, the best thing to do is to learn your market. 

Start meeting with sellers in the areas you are wanting to work in whether they be mobile homes in parks, lots and/or out on land. Ask questions and get good at determining motivation and inspecting homes. 

Get to know the values of homes depending on how much work is needed in the areas you're wanting to invest in. Talk to residents, potential buyers and renters to see what their thoughts are regarding home values in the areas. 

Park managers and mobile home dealerships in the local area can also provide you with this kind of information. In the past, I've found both to be good sources of information for market insight and referrals. 

As in any area of real estate investing, it's best to know your niche and the areas you're wanting to do business in. Getting the information takes time and experience but once you have it you'll be light years ahead of others who are just starting out. 

If you can get good at networking and building relationships by establishing rapport, you'll get ahead much quicker in this niche. Hope that helps! 

@Arnold Finkelstein You may want to check with your local manufactured housing association. They may have access to paperwork that can help with this. Many times, they provide these types of documents for their members. Hope that helps! 

@Jeremy Bourgeois Sounds like a great deal. Thanks for sharing! 

@Scoop Schneider You may want to check with your local real estate investment club. Try finding some contacts for private lenders who want to lend in this niche. Good luck! 

@Shelby McKean The questions you have are all local to your market. You'll have to do some research and talk with people who work and do business in the industry in your local market to get the answers to your questions. 

A good place to start would be your local real estate investment club. Check to see if there are others in this niche and who can help you out. They may have some referrals and contacts to help with your research. 

Regarding Section 8 and grants, it's best to find other investors who specialize in this niche in your local market. They'll be able to give you the ins and outs of the program including their experience with it. 

Hope that helps!