Updated over 5 years ago on . Most recent reply
Mobile Homes - whats a good price?
Hi!
I am new to real estate investing and am interested in the mobile home investment strategy. I have seen a couple that are in an established MHP where the lot rental is $425-they don't seem to need much fixing up. But they're asking 23 for a 2bed 2 bath and 35 for a 3bed 2 bath. I was hoping to buy cash either sell on or do some kind of owner financing to generate passive income. Where can I go to find out what the comps are for mobile homes in the area? And if someone already does this , can you give me an example of how to make these numbers work?
Thank you in advance.