Updated about 4 years ago on . Most recent reply
Mobile homes investment
I live in an area that is growing significantly. There are at least 5 new housing developments being built right now. I feel like based on where I’m at financially and experience it a little late to invest in this area. However I do see the surrounding area to be a great opportunity. I currently own and rent out one mobile home. I see four lots of land in a mobile home park i would like to purchase and put mobile home on to rent. On average each lot is going for 10k. I estimate I can put a mobile home on each between 8 - 10k. I have 10k saved and 730 credit score. What the best way to finance the deal ?