Manufactured homes
Hey, guys, I have a quick question: what do you think about manufactured homes (not trailers)? Do you consider this type of housing suitable for investment or not? I know that it is hard to get financed to buy manufactured home that has been moved. Other than that... I really don't like them, or perhaps the idea of a house being not a stick-built. I don't think it is a good idea. Am I right? Am I missing something? Should I reconsider and look into that listing? What's your opinion? Just wondering. Thanks!
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Most newer (post 2000..some late 90's) manufactured homes are no longer made with 2X3's they are 2X4's and have wood or stucco siding. They can be on a ground level foundation, or on pilons or walls....I've seen some renovated with ceramic tile, another has a parquet hardwood floor.Manufactured homes are good for rentals, such as in a park. They are also great for rural locations, got a quick easy set up and you do not need to scour the countryside for workers. I've even sold solar powered manufactured homes.
Everything is hard to finance now and I must admit manufactured homes do have a stigma..even to financiers. There are some great deals out there right now on manufactured homes.