Investing in Manufactured Homes
Does anyone have experience investing in manufactured homes? I am looking at some in my area, and depending on the demand, I could make it work.
I’m wondering if there is any less demand for a manufactured home than a regular condo, Townhome or house. There are some lot fees in the neighborhood I am looking in, but the deal could still rent for more than the combined mortgage and lot fee amount.
Again, I am taking all of this into consideration when running my numbers, but none of that matters if nobody wants a manufactured home.
I can see both sides of the coin. On the one hand, there is a certain stigma that comes along with a manufactured home... on the other hand, it’s in a great neighborhood and the unit itself is brand new.
Thanks for the help, BP.