Mobile homes??? Good investment?
Hi all, I am new to investing and thrilled to get going. I am looking at small multi families BUT mobile homes seem very attractive. Basically cash sales or very low investment for a very modest but completely positive cash flow. My broker tells me I am crazy but I can’t help but think she has her $$ in mind.
Am I crazy, is there more than meets the eye? I get there is no appreciation but if I have the cash why not have the steady income? Tenant quality and reliability would be my main issue. I am in the Boston area new. Is it basically a push. Save the $$ and headaches?