Mobile Home Investing in California
My name is Kevin and I have been on bigger pockets for a good amount of time now and want to take some action. I have been looking at options in California for buy and hold properties to cash flow. I have considered doing a house hack as one option but it makes it hard here because properties are pretty expensive in my area in the inland empire and would require a lot of cash down for a conventional loan through a bank or financial institution.
I have recently started looking at mobile homes as a option to invest in as a rental buy and hold. I know that they do not really appreciate in value so I would be mainly looking just for the monthly cash flow on it.
What are the ups and downs about a mobile or manufactured home? Do most parks let you rent it out to people?
As far as a I know you do not own the land in most cases correct? Has anyone ever invested in it and if so how did it go for you?
Any help and advice would be great!
Thank you!