Flipping Mobile/Manufactured Homes
Hey All!
I'm looking at some properties within my rehab budget, which is pretty low, and I keep running across a bunch of mobile homes or manufactured homes. Granted they could use some updating and they could be really nice. However, I've never heard of anyone remodeling a mobile/manufactured home to flip.
I'd love to hear everyones thoughts on this idea.
V/R
Nick
Most Popular Reply
@Ryan P. Kotschedoff is correct however it is a practice I encourage with some new investors with limited funds. I actually started my rehab investing with single wide mobile homes as it was all I could afford. I have built those small profits and most importantly experience and confidence into flipping 8-10 single family homes a year. If it is all you can afford then you need to start somewhere.
When I started there was little to no financing available after the recession for mobile homes. I had to owner finance several. I am seeing a significant improvement in the ability to obtain financing lately. It is starting to show in the double wide market as I have seen a significant increase in retail value of these homes.