Pros & Cons

[Ronald Hunt]

Hey BP,

I'm an Indianapolis Investor and I have an opportunity to possibly buy a mobile home for $5,500.  If I proceed with this deal, it will be my first mobile home purchase to use as a rental unit.  My agent and I are researching the numbers to confirm but word has it that the rental rates in this area range from $950-$1000/per month.  The monthly expenses for having it in the park are $480.

I'd love to hear what are common concerns investors have considered when purchasing a mobile home and if this sounds like a potential great deal as I believe it is.

Interested to receive feedback from investors who have experience with mobile home investing here in Indy.

Thanks