All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowReal Estate Development & New Home ConstructionArrowModular Homes - Is anybody building for modulars for rentals?
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Modular Homes - Is anybody building for modulars for rentals?

3 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subject:
Rentals
  • Posts 161
  • Votes 23

Jeff Caravalho
Property Manager from Sacramento, CA

posted about 3 years ago

Hello BP, 

Is anybody building modular homes for rentals?  Looking for a modular (not mobile) builder for some land in Northern Mississippi.  So far haven't got great response.  Almost like they don't want my business, maybe it was holidays...

I have experience with a builder here in California, looking to duplicate in Mississippi.  Also anyone familiar with clearing land, trees, brush (burning?) what agencies to consult, etc.  Any help appreciated.  Thx, Jeff

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing and Real Estate Finance
  • Posts 133
  • Votes 113

Account Closed

replied about 3 years ago

It's hard to find folks wanting to build single family modular housing outside of the east coast in my experience. If you had a multifamily project it would be more enticing for a builder. You have to think like a fabricator. They don't want one-offs clogging up their line. Repetition is where they shine.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing and Real Estate Finance
  • Posts 254
  • Votes 90

Jonathan Orr
Developer from Orange County, CA

replied about 3 years ago

@Jeff Caravalho I was looking at doing a development deal in Nevada and was seriously considering modular (was going to be 50-100 homes).  I will say when I spoke with the contractors and companies that do modular, they did not want to talk much until I told them the mass we wanted to do.  That is when their ears perked up.

I will say that from my research there are some good and bad about modular homes. First, you are not going to save that much money on construction.  The price difference was very minimal when you take into account getting a pad and utilities ready for it.  Then the pricing was slightly higher, however that is counteracted by the time it takes to come to market so you are saving on you loan payments.

Secondly, even though you think it is a fast way to build a home, you still have to wait for the modular parts to be made for you.  One company I was talking with were on a 9 month waiting list.  

I will say the only companies that would talk to me were more of the "custom" modular. There are a few companies out there that do one offs but they are focused on the 3k+ sq ft multi million dollar homes for California.

I would say if you are trying to build rental homes, there is not that much of a benefit to doing modular.  If there was, traditional construction would already be out of business.

As for clearing land.  Talk to the local city/municipality, they should direct you to the right people to talk with.  Could just be local fire or you could get directed to county or even a federal jurisdiction depending on what you are clearing

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subject:
Rentals
  • Posts 161
  • Votes 23

Jeff Caravalho
Property Manager from Sacramento, CA

replied about 3 years ago

@Account Closed Good stuff, yeah we liked how fast it went up.  We reduce our cost thru sweat equity, and love having straight segments of wall we can piece together.  It would be great if there was someone out there to fill the little guy niche.  I guess it's just not cost effective.  There are mobile home companies that put them together like a normal stick frame house (2x4 studs, etc), not the flimsy stuff typical of a normal double or single wide,  We may have to that route out there.  Thanks!

Rotate Log in or sign up to reply
  • 1
Related Resources Real Estate Development & New Home Construction
Start Your House Hunt Right by Asking These Questions First
Is Doorvest a Good Option for Real Estate Investors?
How to Choose the Right Remote Real Estate Market for You
Home Purchase Fall Through? Don’t Panic: Here’s How to Get Your Earnest Money Back
What Is Underwriting? Here’s What to Expect
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Jay Hinrichs
Jay Hinrichs
Lake Oswego OR Summerlin, NV
8.51
Score
Dustin Allen
Dustin Allen
South Lake Tahoe, CA
7.14
Score
Greg Dickerson
Greg Dickerson
Charlottesville, VA
6.17
Score
Chris Thomas
Chris Thomas
Central Kentucky
3.9
Score
Gi'angelo Bautista
Gi'angelo Bautista
San Francisco, CA
1.69
Score

Real Estate Development & New Home Construction Trending Discussions

  • How are you dealing with increased costs to build?
    33 Replies
  • How much land to build small multifamily?
    1 Replies
  • Building my Team - New Start Up -
    0 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.