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29
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2
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David G
  • Flipper/Rehabber
  • Bremerton WA Portland, McMinnville OR
2
Votes |
29
Posts

Bought an old beat up mobile home to lease as "heated storage"

David G
  • Flipper/Rehabber
  • Bremerton WA Portland, McMinnville OR
Posted

I recently bought an old single-wide mobile home on its own lot and I was thinking about

leasing it as "heated storage". It's still "livable" but not pretty and I don't want landlord headaches.

Its a very hot market and would easily rent for $500/mo as-is. 

It would take $6500+ for fix-up and a few months it would rent for $1100/mo but workers are hard to find.

It's in a neighborhood of mobile homes on their own land I want to wait til summer to demo it and put a new MH to sell for a $100k+ profit.

I was wondering if anyone has actual experience or recommendations.

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