Mobile Home Percentages Per State
Hello active RE Investors,
As mobile home investors the more supply of local mobile homes the more opportunities you have to help sellers and make a profit by fast turning or holding mobile homes. I recommend having a 100 miles investing radius for finding and owning mobile home properties to everyone I help.
With that said it can be helpful for you to know how your state stacks up compared to others. Keep in mind that within every state there will be entire zip codes, neighborhoods, and cities that will have many more mobile homes compared to other areas. These areas will be good places to farm for mobile home sellers.
Do you know the percentage of mobile homes and manufactured homes (out of all the housing units in existence) in your state?
See the graph below from 2004 (last year available) via Statemaster.com via the American Community Survey.
In the below article the terms Mobile home and Manufactured home are used interchangeably.
As you can see mobile homes are spread out throughout the United States.
In areas with high amounts of mobile homes a mobile home investor can have a busier time investing compared to other areas with fewer mobile homes present. I have had the pleasure of mentoring motivated investors that travel 150 miles to routinely invest in inexpensive mobile homes.
In reality you can invest in every state. Different rules and laws apply to every state. If you have any questions email me at [email protected].
On the other side if you have only a few mobile home communities or mobile homes located around you then you will want to spend your time with multiple niches in real estate. Mobile homes can be the main course of your business or just another bullet in your investor’s tool belt. The important thing is to get your first deal as quickly as you can – without sacrificing quality of course.
No matter your situation or region there are likely sellers and buyers to help this very day. Follow the advice and leadership of someone you trust to begin or continue your investing career.
It has almost been 6 great years since I begin writing my first real estate investing blog over at wordpress.org in 2007. Thank you to everyone who has helped make this site great with your comments, suggestions, questions, and support. In return I hope I have provided quality content and value (in your daily investing life) to you already in addition to much more to come in the near future.
Love what you do daily,
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