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General Real Estate Investing

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Justin Young
  • Rental Property Investor
  • Thackerville, OK
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26
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Cheap mobile homes or something a little nicer??

Justin Young
  • Rental Property Investor
  • Thackerville, OK
Posted Jun 3 2016, 13:12

Alright guys I have decided to buy ten mobile homes instead of building more duplexes. The main reason being that the return on my investment would be far greater. So now I have another question. I had a mobile home company quote me ten brand new mobile homes with all appliances and Ac delivered and installed for $23,900. It also comes with vinyl siding and a composition roof, one year warranty.  Even tho they are brand new they are not the best of quality. My question: should I buy these at that price that would provide an exceptional return but could maybe be a little more trouble in the future or spend another $10,000 per unit and buy something of better quality? I feel like if I can build my cash flow now then I can use that to buy single family homes or anything else really. 

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