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Updated almost 12 years ago on . Most recent reply

John Mimms's profile image
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John Mimms
  • from Campobello, South Carolina
  • Member since Aug 9, 2013
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John Mimms's profile image
John Mimms's profile image
John Mimms
  • from Campobello, South Carolina
  • Member since Aug 9, 2013
Connect
John Mimms
  • Campobello, SC
5
Votes |
25
Posts
Mobile Home Park Investing

Paying cash for a mobile home

John Mimms
  • Campobello, SC
Posted

I am new to investing in rental and do not want to go into debt to start my rental business. I was thinking that buying a mobile home on land and renting it. Most post on here are park based and financing based. Is anyone doing what I am looking to do? Is there a huge downside I am not seeing? I am thinking I can spend around 25K and rent the home out for 500 a month. This makes sense to me.

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