I am thinking of buying and selling moble homes as an investment,is this a good business to get into?

Question

Instead of buying SF homes I am thinking of starting with moble homes instead. Please only answer if you are A CURRENT MH investor

Answer 1

MH investing can be a great way to build cash flow.

Have you read any books on the topic. There are 2-3 that most people have read if they are serious about the topic.

There is a forum dedicated to MH investing. Head over to my blog and follow the link to CREOnline. Then look for the MH forum. Some really experienced MH investors there.

Answer 2

The value is in the purchase. I bought a MH on a .6 acre lot several years ago for $55,000. I've been renting it out for $660/mo. This is a good rule of thumb price for rent - over 1% of purchase value. The lots in the area have increased in value to about $75,000 each. If I sell now for $100,000 I've made 3 years' rents and a nice sale profit.

Yes, MH can be profitable. You need to buy right and you'll do well.

Answer 3

to respond to this questions truthfully would purely get me a contravention from a scammer or a pretend. So i'll declare this you could opt for a corporation which you awaken to each morning and might't wait to start with a interest. i began my own corporation on the age of 17 and grew to become very wealthy by using the age of 25. no count if all and sundry believes me or no longer is beside the point. I retired on the age of fifty by way of a motorcross twist of fate considered one of my sons became in that left him with everlasting concepts harm. I now grant unfastened suggestion to human beings attempting to start their very own corporation from homestead. I even have over 35 years adventure. i'm no longer merchandising something. that's purely my way of paying decrease back for my sons existence, by using all debts he should not be with us as we talk. examine my profile in case you prefer. in case you prefer to scare your friends and relatives off, the businesses you stated would be a thank you to do it, they have been around for many, some years and characteristic reached an element of saturation. you would be fortunate to break even no longer to show make any gasoline money, that's a actuality. There are some homestead based businesses that don't require you to sell something.

Answer 4

If you'll continue, try http://www.4thishouse.com

Thay have free advertising, or also try their Flat FEE MLS. For a one time fee, they'll provide you an MLS listing with no listing commission.

Answer 5

Terrible. The value drops very, very fast.