I have an opportunity to purchase two mobile homes and different locations below market value has anyone invested in these types of homes what are their thoughts? They do have a lot rent. Located in Florida. It’s a big snowbird area. Thank you
Mobile homes in strong Florida snowbird areas can definitely make money, especially if you’re buying below market value, but the lot rent is the part I’d really pay attention to. A lot of people focus on getting a cheap unit and overlook how much the monthly lot rent, park rules, and future rent increases affect the long-term numbers. Some parks are great and stable, while others raise lot rents aggressively over time, which can slowly squeeze your cash flow and resale value.