Any Opinions on using mobile homes to start building capitol
I’m Starting out and I’m thinking I’m gonna use a heloc loan to flip mobile homes to start building some cash so I can build up a down payment for long term rentals. Anybody have any experiences they can share flipping mobile homes, good or bad ? I live in Florida and there are plenty of manufactured homes
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You should seek out Adrian Smude, hes the mobile home king and local to our market. We've done some of them before, typically you stay away from 55+ communities, you want ones on their own land, etc... they can be good options to start but typically want to be weary of those with lot rent unless they will give you a discount or few months rent free if you are restoring one thats been vacant for a while. Adrian also has a great book where he shares all his stories/tips. I'd read this first before starting down the mobile home journey.