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Updated over 7 years ago on . Most recent reply

James G.'s profile image
James G.'s profile image
James G.
  • Investor
  • from St Louis, MO
  • Member since Jun 7, 2017
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User Stats

250
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181
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James G.'s profile image
James G.'s profile image
James G.
  • Investor
  • from St Louis, MO
  • Member since Jun 7, 2017
Connect
James G.
  • Investor
  • St Louis, MO
181
Votes |
250
Posts
Buying & Selling Real Estate

Are mobile homes a good investment?

James G.
  • Investor
  • St Louis, MO
Posted
Hi BP. I️ was wondering what everyone’s opinion was in regards to buying and holding mobile homes as an investment. I️ currently have one that I️ bought for $5,000, put $4,000 of work into it ($9,000 all in) and it rents for $850 a month. Lot rent is $296, and cash flow is about $415 a month. I’ve only had it for one month, so I️ don’t want to be too optimistic. What does everyone think about investing in mobile homes? Worth it or not?
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