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Mobile Home Park Investing

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Stefan Garza
  • Houston, TX
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Deal or not? Mobile/manufacture home

Stefan Garza
  • Houston, TX
Posted Nov 22 2016, 06:07

I spoke with a homeowner that is selling her mobile/manufacture home. The subdivision looks nice and spacious. The home sits on a 1 acre land with. 3 bedroom 2 bath. Asking price 55K, I haven't ran an accurate COMP but possible ARV 100-120K. (Owner told me 120k, zillow says 100k).

Home is payed off, no loans attached.

Repairs needed: New roof, Ceiling, carpet and paint.

I'm new to REI and I never thought I would look into a mobile home, is this a deal worth it? Please help and thanks!

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