Rental Property Investor · Northfield, NH · Member since 2020 · 1 post · 0 votes
Don’t have a lot of capital or experience, was considering searching for a trailer in a park that needed rehabbing and either flipping or renting (leaning toward a flip) anyone done this before? Looking for some advice... thanks in advance.
Rental Property Investor · Victoria TX / Portland, OR · Member since 2019 · 94 posts · 96 votes
6y
Hello Dan,
I can't say that I have experience in dealing with flipping a trailer home (manufactured home, to those who prefer such vernacular), but I felt inclined to toss out a position that my contractor espouses. While we were waiting for a metal shop to cart out some siding, he started telling me about a different job he was working on and explained that working on trailer homes is a lot harder than traditional brick and mortar. Apparently they err toward cheaper, more permanent construction methods. He said they usually glue the floor down, so it's a real pain to have to scrape it up. The siding is a pain. The flooring is a pain.
I was quite surprised as I half figured a trailer home would be easier, cheaper. And I am sure that some are constructed in such a manner as to accommodate renovations, but they have their ups and downs, I suppose.
I'm sorry. I wish I had some more worthwhile information to provide. I am sure, however, that there are plenty of capable contractors who are very good with such projects. (I will admit, the contractor I have at the moment is somewhat … lazy.) Don't let my response deter you from at least making some inquiries and getting some bids. I always recommend getting at least two, if not three separate contractors out to assess and give estimates. I also try to compensate them for their time. I feel bad having different companies spend their time out there for nothing, even though there is that potential to get the job.