I always see listings for "Manufactured Homes" (not exactly mobile homes if you see the pictures in the example listing linked here) that seem super cheap... They look livable just like a typical SFH would be but I'm sure there are list of cons associated with these types of properties - or maybe not? Does anybody have any experience with these types of properties? Looking for both the pros and the cons here. Do they rent out tougher? Do they appreciate at different rates? Are there certain state regulations that limit these properties' ability to make for a good investment / house hack? Etc.
Thanks in advance!
I personally don't mind a manufactured home as an investment. But clearly society values them less than a traditionally built home so one down side is, don't expect the same level of appreciation (which is why they are cheaper). I think this a bigger topic, for example is it on a foundation? Basement? were the cheapest options selected when it was purchased?
Manufactured homes cost a lot less than stick built but can rent for close to the same money. Renters are most concerned with the size for the money. They’re not going to own the property anyway.
They won’t appreciate like stick built but as long term rentals they’re great. You can sell on owner contract after renting them for several years. The math makes sense.
You can also flip manufactured homes and realize excellent profit margins.