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Mobile Home Park Investing

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Dave C.
  • Investor
  • Flint, MI
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18
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Remodel Vs. Replacement

Dave C.
  • Investor
  • Flint, MI
Posted May 19 2015, 17:55

I have a 1975 Marlette Singlewide that needs about $10,000 in repairs( ie. floors, mold remediation, various other issues). It's on its own lot( not in a park) with city water and sewer.

I'm leaning towards removing or demolishing the existing trailer and replacing it with a 1990 or newer singlewide . I'm thinking I can pick something like this for around $5k to $8k. I'm thinking transport fees would run about $2k. 

Are there any other potential hidden costs I should factor in for deciding between remodeling versus replacement? 

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