Hi BP friends,
I am a relatively new investor in MA. Given the house prices in MA, I don't see myself scaling too much, not very fast at least. While reading another post in BP forums, I stumbled across the idea of investing in mobile homes. I started looking on zillow, and to my surprise, I see several of 2BR listed for low 30K's (as compared to $200K for a triplex).
I am looking for buy, rent and hold and am not counting on appreciation. So, my question is - what are the things I should consider in whether it's wise to invest in a multifamily? From the little reading I did, its clear that the mobile homes depreciate over time. But if I can have a positive cashflow, does it really matter? What am I missing?
@Vikas Ahuja if properly done Mobile homes around us can throw off as much cash flow (or more) than a small house and the entrance point is cheaper. I like to rent mobile homes, but have a standard, the biggest is to sheet over the floors with plywood. Maintenance can be expensive on a MH and hard to work on when occupied because its so small so I front end all the maintenance.
we do have a Mobile Home forum on here. You might want to check it out
thanks @Jeremy Tillotson
@Leslie A. - thanks, I'll certainly check it out.
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