2007-02-04 21:58:16 · 5 answers · asked by divinemadness 4 in Business & Finance ➔ Renting & Real Estate
Mobile and Modular homes are very good rental investments if you are making a positive cash flow and you are happy with the return.
Modular homes go up in value and mobile homes do NOT unless you own the underlying land. Modular is basically the same as stick built after it is all finished. Appreciates in the same manner.
I have made a lot of money with both but better on properties other than mobile.
2007-02-04 23:42:48 · answer #1 · answered by jazzpaging 5 · 1⤊ 0⤋
Mobile homes and modular homes are two very, very different things.
Mobile homes are built on a chassis, given a motor vehicle title, brought to a location, and attached to the ground. The motor vehicle title is then retired.
Modular homes are built to the code of where the home is to be located. A modular home is brought to the building site in pieces, where final assembly takes place. It is often indistinguishable from stick built housing.
For some reason, modular homes get a bad rap in the US, but is the norm in much of the world. Common sense would tell you that modular homes should be better built than stick built homes. With a modular home, the building is performed in a factory where all the tools needed are there. The workers have a regular job, receive benefits, have a roof over their heads, and normal hours. With a stick built home, different workers often show up day after day - sometimes it's just a matter of who happened to be in the Home Depot parking lot that morning - and there is often compromise when a piece of equipment isn't at the site. Bottom line: many fewer problems with modular housing.
To answer your question, for you, perhaps neither would be a good rental property investment. You should only invest in things you know and understand. Clearly, this is not an area where you have the expertise to do well.
2007-02-04 22:33:34 · answer #2 · answered by CJKatl 4 · 0⤊ 0⤋
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2016-07-19 15:26:56 · answer #3 · answered by Arturo 3 · 0⤊ 0⤋
Bella,
If you can pay cash for a mobil home on it's own land. Then rent it out for a few hundred a mo. then it's not a bad deal. But when the tenants calls and says my plumbing leaks can you fix it yourself? Or must you call a plumber? If you are going to call a professional everytime something breaks you will quickly eat up your few hundred a mo. They are costly to repair. You would need to know how to do it yourself.
That being said if you can. Go for it. If you can't stay away from it. There are worse things than not having a rental.
2007-02-05 00:37:59 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Rent To Own Homes - http://RentToOwnHome.uzaev.com/?ZDSY
2016-07-12 00:38:54 · answer #5 · answered by Jessica 3 · 0⤊ 0⤋