All Forum Posts by: Bill P.
Bill P. has started 1 posts and replied 8 times.
Post: Buy and Hold Mobile Home Investors: Are you out there, and are you successful?
- Spring, TX
- Posts 8
- Votes 2
really enjoyed this thread - i'm just starting out, and looking to make my first deal real soon. most of my time has been reading threads in this section and watching Johns videos
Post: Buy New Mobile home investing?
- Spring, TX
- Posts 8
- Votes 2
Originally posted by @Maugno M.:
if it cash flows yes. I bought about 6 acres here in Tyler TX and have two mobile homes renting. They cash flow pretty nicely but I do have to be doing a lot of maintenance. I get several calls a month. Not huge things but little things here and there.
They are older mobile homes that were remodeled. But so far my tenants have been good on the rent and I hope to keep putting more mobile homes on the land.
Thanks! I like this idea as well, but not sure of how big or the cost of adding the septic system to handle multiple units?
Post: Buy New Mobile home investing?
- Spring, TX
- Posts 8
- Votes 2
Originally posted by @Rachel H.:
@Bill P. Definitely check with zoning to see if your plan is allowed and what permits are needed to bring mobile homes onto your land. Also, you may need to get some bids on how much it would cost to put in the infrastructure (i.e. electrical, gas, plumbing, etc.). Good luck!
thank you!
Post: Buy New Mobile home investing?
- Spring, TX
- Posts 8
- Votes 2
Originally posted by @Jeffrey H.:
A new home warranty expires after a year or two - how much are you allocating for repairs after that? While I think it's good to consider renting as a strategy, you may want to consider selling the property outright or owner financing it. I have seen this done several times with lots of success in "your neck of the woods" - Montgomery County.
Good luck!
@Jeffrey H. Much appreciated! it would be my first deal, so I'm keeping an open mind and investigating which option would be best (rent, sell, owner financing). I like the owner finance, but need to keep reading up on how it all works!
Post: Buy cheap Lot + move cheap mobile home onto it ?
- Spring, TX
- Posts 8
- Votes 2
I'm looking into doing the same thing, but have yet to pull the trigger
Post: NAME CHANGE
- Spring, TX
- Posts 8
- Votes 2
can someone change mine to Bill P
Post: Buy New Mobile home investing?
- Spring, TX
- Posts 8
- Votes 2
thanks J Harvey - and yes the subdivision has MH and stick builds. the lot has sewer and water at the road, so there will be some additional expense, (i don't have to drill a well, or put in a septic system). there are a few others doing the same thing, in particular, the salesman at the MH store - (he has purchased 2 lots, the same subdivision, and placing brand new MH's on the lots for rent. (the mobile homes are pretty basic/no frills 3br 13ft x 60ft).
Post: Buy New Mobile home investing?
- Spring, TX
- Posts 8
- Votes 2
hello from Texas - first-time investor - I might be crazy, but I'm looking at buying a lot of land and placing a new mobile home on it? The current rent for the area is around 900 per month for a 3 bedroom (land will cost me 5k and new single wide is 38k) I'm thinking it will create around 400 a month cashflow?
thanks Bill