Updated almost 5 years ago on . Most recent reply
Mobile homes
Hi All- I'm new to BP and real estate investment in general. I'd like to start small and I've heard that mobile homes might be a good market to start in (ie good return with small risk, if true). Does anyone have any input/experience regarding this investment? Thanks so much!
Most Popular Reply
Hello @Doron Rice. I started out doing mobile homes in the mid 2000s. I read several books by an investor named Lonnie Scruggs. He would buy the mobile homes with cash, and then sell them on terms. I would suggest looking into "Deals on Wheels" by Lonnie. Also, research the SAFE act and how it might affect mobile homes and financing them to buyers. Happy investing!