Manufactured Home Investors in DMV Area?

[Adrienne Wilkins]

Hello!

I’ve been doing a lot of research on the niche market of manufactured & mobile home investing and I’m interested in hearing about the experience of investors in the DC, Maryland, and Virginia (DMV) area.

This metropolitan area is a more expensive and a smaller market compared to hot spots like Texas, Florida, etc. I’m interested in learning more about the general approach of some DMV investors in the space:

- How much do you normally purchase a home for?

- Do you typically put a bit of sweat equity in before you sell, or are you able to sell quick without cosmetic upgrades? I’d assume buyers in this area would be more attracted to a home that has been updated, but I’d like to prove or disprove that assumption

- What’s your typical deal structure: cash sales or notes?

- Do you typically have to travel further to get better deals?