Manufactured home for first investment

[Nazeer Reese]

I plan on purchasing my first mobile home this week. I’m planning on fixing it up and renting it out to start my fix and flip journey is this a good investment to start with?

[Jerry Lucker]

@Nazeer Reese

That sure worked for me! I flipped mobile homes in parks then reinvested the profits into mobile homes on private property as rentals. They cost 1/2 or less what a stick built home of the same square footage would have. Many renters don’t care if it’s a mobile or stick built - they’re not buying it - they just want enough bed/bath etc.

I Do get close to the same rent as I could for a stick built so it’s very profitable. I rent them for several years then sell and carry the contract for many more years.

This method grew my business very quickly, especially the first part of flipping mobiles in parks. The cash required was minimal, the profit margins exceptional, quick and easy buy/sell, and competition practically nonexistent.