Mobile Home success story.

[Josh McCullough]

30 months ago I bought an occupied 2 bed 1 bath mobile home for $2,500, collecting $200/month in a park.  Gross rent collected $6,000.  The tenant moved out due to health reasons.  It took $640 to get rent ready.  The same day I put it back on the market, I received a call from a man interested in buying with cash.  We settled on $10,000.

BOOM! Who said these things depreciate?

Seriously though, most deals do not work out like that, but I wanted to share with y'all the possibilities that can come from small investments.

[Carol Venolia]

Congratulations, @Josh McCullough! I don't know about most deals, but I think deals like yours happen more often than many people realize. I've acquired mobiles in the same price range; I'm holding and renting them, but based on recent sales in the same park, I'll bet I could sell them for a good price. (At this point, I prefer to hold them, cuz they'll pay for themselves in 2-3 years and keep on generating income.)

This is not to take away from your good fortune, but to say that this is a repeatable success under the right conditions. You go!