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.
Most of us know "manufactured home" means a mobile home. Sometimes people mistake that term for "modular home" (home pre-fabricated in pieces and assembled). You should clarify which one you're really interested in the responses would be more concise.
I wasn’t sure how to make that clear, as I didn’t want people to think I was talking about an actual trailer.
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