My theory is, why would I buy a mobile here with high lot rents, when I could buy a ton of them in other states where the lot rent is around $250 or so.

Mobile homes that have been converted to real property with conventional additions added are another appraisal problem.

Anyway, I thought I would share my proposal for a modern mixed use building in the city of Rochester NY.

I am in the process of buying a very nice modular home, which was built in 2008 and sits on a large crawl space. It has many options and includes 1 acre of land. It is located in the country, on a main route, and in a...

Most of the time you would not even make a claim for a small amount anyway so you're not losing out.I have older buildings with outdated construction methods and use Replacement Cost with riders for debris removal (in case of total loss) and Law and Ordnance (since the city would require modern code compliance on any major repairs).

I happen to now favor Mobile Home Parks and talked several individuals into pursuing MHPs.

I like the modern vintage style appliances.

The competition has gotten tougher, but there are still deals to be had.What I WILL say is you probably won't find what you are looking for in your back yard, unless you consider condos or mobile units.

Most hard money lenders will not touch a mobile home (regardless of foundation) and even Manufactured homes need to have an approved foundation before they will consider.

What I have concluded that makes the difference is a combination of buying at a great discount AND that your rehab leaves the home looking "fresh" and "modern" so that your home is the best looking one in the area it sits.