Where to find mobile homes?

Question

I have several lots across the southeast that allow for a manufactured home or have one onsite (in awful condition).

I am curious for those who are in this business, where do you typically purchase ? Do you buy from manufacturer or secondary market?

Our goal is to put them on the property - sell them owner financing and have lot rent as well.

Thanks In advance for feedback.

Rachel H. · Answer

@Chris Seveney It would depend on your goals regarding the types of returns you want to receive. Though, I would caution against buying anything used that needs a lot of work and has to be moved. The best types of used mobile homes are ones that are bought from long-term homeowners who are upgrading.

You may want to talk to a few local mobile home dealerships in the areas where your lots are located. They may be able to provide you with a steady stream of referrals when it comes to customers who have used mobile homes for sale and wanting a new one from the dealership as an upgrade.

Also, you can see what the new ones cost at these local dealerships as well. It would depend on the size, age, dimensions and how much you're willing to spend.

Hope that helps!

Mark Brogan · Answer

@Chris Seveney, we buy them from both, lots of dealers will sell them quickly to you before they bring them back to their lot for storage, we usually just buy off of local Facebook or craigslist and they are getting harder to come by, its like note investing the more relationships you have the easier it will be to find deals.if you have any junky ones in Florida please let me know since we are looking to go this way more often.

good luck

Steven Nguyen · Answer

Hello Chris,

I own a MHP in Alabama.  I have a retailer licenses and purchase directly from Clayton homes using 21st Mortgage CASH program and Legacy Homes using their own in-house financing.  These are just 2 options for new homes.  For used homes, there are lots of local retailers that sell used homes.  Used homes typically cost 5k, 8k to move in and set up, then another 8k to renovate so you are roughly 21k all in.  You have to pay for this via cash and can try to sell using the 21st Mortgage CASH program or rent them out.

I hope this helps.

Steven

Where to find mobile homes?

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