Still looking for feedback regarding manufactured/mobile homes.

Hi everyone,I'm new to mobile home investing and I would like to get your opinion on purchasing mobile homes that were built before the HUD passed the manufactured housing standards in 1976.The three possible outcomes for my first deal I see as either flipping the home, renting it out or financing the property as a 'lonnie deal'.While I would feel comfortable flipping a pre-HUD home (as long as it passes an inspection) I'm not sure about holding on to a property that was built prior to 1976.What are your thoughts?

Collier - A company I own finances manufactured homes in Illinois.

Ok so I'll liven up an older thread, I think it's very relevant to hear the stories of others that are or contemplating going FT into RE.I was never a good employee & had too many ideas so I started a machinery manufacturing co. about 25 yrs ago.

I think my local area is actually good, because I see lots of properties (granted, they are manufactured homes for the most part) that will instantly create positive cash flow.

To me, a bad inspection report says "water heater was working at time of inspection with no noted issues" while a good one says "although water heater was fully functional at time of inspection, the serial number indicates it was manufactured in 1997 and therefore may be near the end of its useful life".

At least the manufacturer reimbursed me the cost of the original floor.

The manufacture guaranteed me as long as I put down HardiBacker there would be no problem putting this overlay on a plywood subfloor.

This is very interesting to me: "The manufacturing of a house is very simple.

One of the largest U.S. manufacturers of mobile homes is located in my area so there is a decent amount of them around.