Updated almost 8 years ago on . Most recent reply
To buy or not to buy..?
I live in Washington state and the market has been on fire. Due to all the activity it has trickled over to manufactured homes. One has opened up close the Seattle area for $70k up from $50k in 2011 and it's a 3/2 1800sqft built in 1991 I've done the research and from what I've seen it's around what most are selling in the area. The rent for this is typically $1500 a month. My question to the community is what should I look for in terms of common problems. Should I even dable I'm manufactured homes?
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Knowing the area, and the rent vs purchase price, I don’t see why this wouldn’t be a good deal. Just run the numbers, and add an extra % for cap ex