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Updated almost 8 years ago on . Most recent reply

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Peter F.
  • Charlotte, NC
6
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9
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Mobile Home Investing Books on Amazon Kindle Unlimited

Peter F.
  • Charlotte, NC
Posted

Signup for Kindle Unlimted Trial with Amazon (free for 30 days then $9.95/mo)

Making Money with Mobile Homes

by Lonnie Scruggs (author)

Deals on Wheels: How to Buy, Sell & Finance Used Mobile Homes for Big...

by Lonnie Scruggs (author)

The New Investor's Guide To Owning A Mobile Home Park: Why Mobile Home Park

by Laura Cochran (author), Erin Cochran (foreword)

What's It Worth? Making, Managing, and Measuring Value Mobile Home Park

by Timothy Moffit (author), Michelle Gigowski (author)

Possibilities For Mobile Home & RV Park Managers & Asst. Managers

by Terresa Dakhlallah

Seller Financing and Real Estate Notes in the Dodd-Frank Era

by Mark Stein (author), Terry Lewis (author)

How Investing $80,000 in Mobile Homes can get you the passive income

by Wade Alderson (author)

Manufactured home repair & maintenance

by Alan Procter (author)

Wobbly Boxes: My Business Model and Journey into the Investing World of

by Aaron Kinney (author)

Park Place: How to Cash In on the Mobile Home Park Niche

by Tony Ferris (author)

Most Popular Reply

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2,040
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1,919
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Curt Smith
#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
1,919
Votes |
2,040
Posts
Curt Smith
#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

You have to be aware that deal types and structures that once where in vogue can have the regulatory and legal risks change and are no longer practicable.  An example is deals on wheels by Lonnie Scrugs.  Sure one can do anything as a free wheeling investor until problems happen.  Search on lonnie deals in this forum and read back at least 6 mo.  Yes one can still buy today at $3k fix up and sell with financing for $10k or more and charge 16% interest MHs in parks,,, but read here what issues today you'll be running into.  The most probable risk is unfriendly park managers, the other is its actually not that easy to make money in MHs in parks.  Which is why park buyers give up on home rent and focus on lot rent.  To much to go into why home rent, which includes taking payments for the home is not as easy as it sounds,,, to net net make money.  Once you figure in the value of hours of your time I suspect you'll loose money.  

A few here probably make money, but this is like comparing the results of an expert onto every new person and the mistakes they make a long the way. But best of luck I do agree that it'll be the best $3k education into all aspects good and bad of REI you can buy. :)

BTW I'm a part owner in a 70 pad lot rent park, and own 18 doublewides on their own land and have looked into all aspects and deal types in this business and gave up on lonnie deals in parks before I wasted any time or money.

  • Curt Smith
  • [email protected]
  • 678-948-7151
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