Buying Mobile and Manufactured Homes BRRRR

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Buying Mobile and Manufactured Homes BRRRR

Pam Church
Member since 2019 · 16 posts · 11 votes

I'm a new investor researching different options, does the BRRRR strategy work on Mobile and Manufactured homes? We were driving for dollars in a park and saw a lot of opportunities. Looking to help low income buyers have a nice place to live.

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Brian Van Pelt
Specialist · Owings Mills, MD · Member since 2017 · 485 posts · 415 votes
7y

@Jay Hinrichs

Exactly, The refinance is what makes it tough to BRRRR, although the idea of packing up and moving if you don't like your neighbors might make that R - Relocate ?

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  • Brian Van Pelt
    Specialist · Owings Mills, MD · Member since 2017 · 485 posts · 415 votes
    7y

    Mobile and Manufactured homes do not generally fit the BRRRR model especially in a park setting.



    Mobile and Manufactured home parks are a different thing.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Brian Van Pelt:

    Mobile and Manufactured homes do not generally fit the BRRRR model especially in a park setting.



    Mobile and Manufactured home parks are a different thing.

    one can buy and resell once rehabbed.. subject to park owners approvals of course.. 

    refinance I think would be tough to non existent..  unless it was a Manufactored home on its own land. 

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  • Brian Van Pelt
    Specialist · Owings Mills, MD · Member since 2017 · 485 posts · 415 votes
    7y

    @Jay Hinrichs

    Exactly, The refinance is what makes it tough to BRRRR, although the idea of packing up and moving if you don't like your neighbors might make that R - Relocate ?

    2Reply
  • Pam Church
    OP
    Member since 2019 · 16 posts · 11 votes
    7y

    Thank you Jay and Brian for your feedback! Very helpful. I'm new at linking names to replies but I'll figure it out =)

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  • Ben Naught
    Rental Property Investor · Prosser, WA · Member since 2017 · 81 posts · 36 votes
    7y

    @Jay Hinrichs very good advice, I wonder if it qualifies for the capitol gains perk of BRRRRing a property ? @Brian Van Pelt I sure like your thought of the 3rd "R" being relocate 

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