Updated about 2 years ago on . Most recent reply
New Mobile Homes
I am a 20-year-old student studying real estate and pursuing a career in commercial real estate. I'm looking to invest in my first deal in the next 6-9 months and should have no issue raising capital through my network. I am looking to connect with some people to iron out my strategy.
I am interested in buying land, placing a mobile home on it, and renting it. Does anyone have experience with this?
Most Popular Reply
We also have this strategy. We started out developing land and putting new mobiles on and selling. Then we kept a few for rentals. The biggest hurdle is going to be financing. There isn't a conventional loan product for an investment manufactured. If you can raise the funds in other ways with attractive financing that could be an alternative option.