Updated about 5 years ago on . Most recent reply
Mobile home investing
I am new to real estate, I am looking to buy a mobile home to start, curious on a decent price range to invest on this type of property. Any input will help.
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@Derek Freda If you buy a mobile home in a park then you can buy them anywhere from 5k and up and resell them on seller finance at higher price with 10-12% annual interest. Otherwise in Arizona you can buy mobile homes on land any where from 150k to 250k, with downpayments at 3% if a primary residence or if you rent it out then you have to put a minimum of 15% to 20%.