I just got started in real estate in 2013 and I currently own and rent two mobile homes.

My company purchased a foreclosed Mobile Home from a HUD auction.

I have spent 70% of the last seven years living in Europe with my wife and we are now full time(for the most part) in Austin.Experience I have owned a Mobile Home Park (17 park owned MH's and 9 month to month RV spaces)in the Rio Grande Valley (Edinburg) for almost 3 years.

You can't even get a mobile home around here for that price.Good Luck with it!

Max returns can be had in Self Storage, Mobile Home Parks and Niche or Specialized Housing where rents can be 2-4 times more income.

My husband and I started investing about a year ago, first by renting out our first home , then by picking up another rental in Mobile, AL.

We have an appetite for SFH properties and now are setting up our infrastructure in Mobile, Huntsville, and Nashville.

deals 7 and 8 had a partner - he found the home, I fixed it up, managed the rehab, he sold it, we split the net profit...these were ok deals we split $20,000 on each deal but they took 5 months and 9 months respectively due to issues with contractors doing shoddy work....so if you figure our profit at an hourly rate these were not barn burners...but hey it's $20,000 I didn't have before, so I am fine with that#8 paid $265K used hard money, spent ZERO on rehab, wholesaled it in 12 days for $360,000, that was a nice one (sad back story on this one, owner of the property was busted for selling drugs and arrested, then deported to Mexico, so wife took over the drug selling biz...then she got popped, in order for me to be able to close on the home, Escrow had to go to the jail to have the wife sign, then hire a mobile notary to drive down to the SD/Mexico border to have the husband sign) death, divorce, drugs, disease....the 4 D's that create real estate opportunities, sad but true#9 paid $205K used hard money, spent $25K on rehab, sold for $300,000#10 paid $90K for 3/2 SFR, used hard money, spent $3500 on rehab, rented out for $800/month, slight negative cashflow currently (-$150/month), market value is $130K now, plan on refinancing into better loan in 3 months, will cashflow $300/month after the refi#11 paid $108K for 3/1 SFR used hard money, spent $3000 on rehab, rented out for $850/month, slight negative cashflow currently (-$190/month, market value is $140,000 now, plan on refi into better loan in 3 months, will cashflow $150-$200 after the refi#12 paid $125,000 for 4/2 SFR used hard money, spent $0 on rehab, house already had a tenant in it paying $900/month, will be raising rent to $1150/month, market value is $160,000, plan on refi into better loan in 3 months, will cashflow approx. $500/month after the refi#13 invested $50,000 with my parents to buy a triplex, for $530,000, property cashflows $1000/month from day one, and value has increased to $650,000--------------------------------in current pipeline/in escrow - thru these deals I've made good friends and I've made my hard money lender some good money, hard money lender let me know he has $5,000,000 +/- sitting in the bank looking for houses to invest in, and he's given me the green light.

Mobile home parks?

I wanted to make sure I get the process correctly prior to purchasing a mobile home.