Rental Property Investor · Washington, DC · Member since 2020 · 16 posts · 29 votes
Hello!
I’ve been doing a lot of research on the niche market of manufactured & mobile home investing and I’m interested in hearing about the experience of investors in the DC, Maryland, and Virginia (DMV) area.
This metropolitan area is a more expensive and a smaller market compared to hot spots like Texas, Florida, etc. I’m interested in learning more about the general approach of some DMV investors in the space:
- How much do you normally purchase a home for?
- Do you typically put a bit of sweat equity in before you sell, or are you able to sell quick without cosmetic upgrades? I’d assume buyers in this area would be more attracted to a home that has been updated, but I’d like to prove or disprove that assumption
- What’s your typical deal structure: cash sales or notes?
- Do you typically have to travel further to get better deals?
@Adrienne Wilkins You may want to touch base with your local real estate investment club. There may be people there who actively invest in mobile homes. Also, you can talk to park managers and/or owners and mobile home dealerships who may be able to give you more information and point you in the direction of other investors they work with in the area.