New investor, interested in mobile homes

[Caleb Davis]

My wife and I have been looking at investing in a multifamily unit recently but the biggest hurdle has been the capital needed for those to actually cash flow. Due to that I'm considering shifting focus into mobile homes by means of buying distressed, fixing up, and seller financing/renting out as a way to get cash flow to start funding bigger investments. If anyone has advice please feel free to reach out!

[Denise Webster]

That’s actually a smart pivot—especially right now. A lot of investors are realizing that jumping straight into multifamily can stall momentum if the capital and cash flow don’t line up.

One thing I’d add to your thinking: instead of only looking at distressed mobile homes, you might also consider entry-level housing creation as a way to build both cash flow and equity.

I’m currently working on a small infill scenario where the land is already owned and the strategy is to place factory-built homes on permanent foundations and sell them around the ~$260K range. It’s aimed at that same affordability gap you’re targeting—but with a cleaner exit and stronger resale comps.

Depending on how it’s structured, something like that could be a solid way to:

• --get into a deal at a lower price point
• --build capital faster through resale or notes
• --and then roll that into larger multifamily later

Not saying it replaces your current idea, but it might be another lane worth looking at alongside it.

Happy to share more details if you’re exploring different ways to get that first deal moving.