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Updated 5 days ago on . Most recent reply

User Stats

89
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14
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Steve Balinski
  • Roselle, IL
14
Votes |
89
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Does anyone invest in manufactured home or mobile homes? Struggling to find cashflow

Steve Balinski
  • Roselle, IL
Posted

Hello, As I'm struggling to find cash flowing rentals in WI, I randomly saw a few listings for mobile homes and manufactured homes which are MUCH cheaper. I can buy either for around 100-140K in pretty nice condition, vinyl floors, remodeled kitchens, fresh paint, modern look.  These would rent anywhere from 800-1200 and would cashflow around 3-500/month with anywhere from 60-100% down payment.

I've never explored this avenue, but curious of your thoughts.  I'm aware there is likely no appreciation on these (possibly the manufactured homes) and possibly even depreciation, but cashflow is my strategy until I get out of my full time job.

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