Hey guys newbie here, I was wondering if mobile homes worth investing?
If you do it properly, yes. If you don't, then no.
If you can afford it, mobile home parks are far superior investments to mobile homes.
Before you do anything LEARN what you are doing. You can get a ton of information online -- just Google.
Embrace the concept "think like a person of action and act like a person of thought".
All that being said, don't be afraid to take action, and that means you should start learning immediately about any investment options that interest you.
When I got into the mobile home park business everyone said I was an idiot. Disregard what others say. Learn the basics and, if you are still interested, start making offers.
@Alfredo Ortiz Yes, investing in mobile homes can definitely work if done properly. Unfortunately, many investors who get into it and don't stick with it do not take the time to properly learn the niche. Like any business, it takes time to learn and grow. Sure, you make mistakes. But you must learn from your mistakes and keep going in order to be successful.
Unfortunately, those who do not continue with mobile home investing do not learn from their mistakes and stop. They move on to something else. And say it doesen't work which isn't true. It just didn't work for them.
If you're going to learn about investing in mobile homes, it's best to read a few books on the subject. Make a plan and take it slow. Learn your market and do your first deal. And, see if you like it. This will enable you to get into the business and learn it with less risk than doing a bigger deal.
Hope that helps. Best of luck with your new venture!
You’ve already heard it’s worth doing if you do it right. I’ll add figure out what niche within Mobile Homes fits you best. Do you want to buy just the mobile home and rent/sell on payments?
do you want the buy the entire park?
Do you want to buy just a single home and the land and rent it out?
these all make money. “The riches are in the niches”
yes thats all we do, go for it