Flipping Mobile Homes

[Eric Abel]

Hey there BP Community! I've recently started looking into flipping mobile homes. The way I see it, this business would take much less capital and risk versus a traditional Fix n' Flip. I also believe rehabbing mobile homes would provide great hands-on education for much less cost than rehabbing an entire SFH. I am posting this in hopes to connect with those who have some experience with mobile home flips. Or those who have any advice for me as I embark on this new real estate campaign. I look forward to hearing from each and every one of you!

[Rachel H.]

@Eric Abel If you plan to go this route, it's best to learn your market first and start talking to those working in the business. Some of the people you want to talk to include mobile home park managers, owners and mobile home dealerships in the area. In the past, I've found them to be a good source of information to get insight on the market. 

Once you start talking to people who work in the industry locally, you'll get a sense of the values of the mobile homes in your area. Figure out what homes sell for (depending on their condition) and what people are willing to pay for them including how (i.e. cash, financing, etc). 

That's a start to give you an idea of the market including the supply and the demand. Your next step would be to build a buyers list, if you plan to wholesale the homes to other investors. Most times, you can find other investors working in the areas where you're looking to do business in. 

Hope that helps!