Mobile Homes??
What would you do? Flip mobile homes or do something like Lonnie's deals, were you carry the note of the property. Or don't do either. Thank you.
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@Account Closed
Hello
You can not do Lonnie deals any longer due to Dodd Frank and Safe Act lending rules.
However, you still can invest in mobile homes. On land and city lots (which makes them real estate) and, if done right, in parks (which is personal property).
Low cost of entry and high returns.
Many investors avoid them as depreciating assets. Eye of the beholder.
We typically see $5k-$10k per deal, monthly cash flow and 200+% annual ROI.
Not for everybody though.