All Forum Posts by: Arniesha H.

Thanks for bringing this up, I don't have insight but am very interested in doing this in my market given the sense of urgency for affordable housing. There isn't much published online, but I plan to call the housing voucher programs serving some of my target neighborhoods and just ask them manufactured homes qualify. Good luck to you @Joe San!

Thanks @Rachel H. and @Doug Pintarch for your feedback and insights! I will keep those things in mind while I continue to learn about this niche. I figure taking time to understand these kinds of admin and financial aspects of doing this will provide a stronger foundation for my first deal.

Thanks @Janene Tompkins for the quick reply! I definitely would want counsel from a tax advisor on specifics. 

I've been following a lot of the boards talking about the mobile home niche of REI, and am gearing up for my first deal this spring. One area I haven't seen a lot of discussion around relates to how the sales of these flips are taxes. My states' Dept of Rev (GA) has information that gives context to how much the tax would be for a purchase, but I haven't seen anything concrete about how these would be handled post flip.

Specifically, would these be recognized as capital gains, income, etc? Would this change any if the deals were sold under an LLC vs independently? Does the sale on a tax differ for quick fix and flips vs. rent to own notes (ie 5-7 years)?

If anyone out there has some insight here, that would be awesome. And if there is already a thread talking about this topic, definitely point me to that as well :)

Hey BP community, I'm a long time lurker, first time poster. I've been spending most of 2019 researching the affordable housing niche of real estate investing and plan to make strides in this area in the new year.

With the affordable housing crisis impacting every market in the country, I see there is a need for creative housing solutions to meet demand. To that end, I've spent the past few days researching ways in which mobile/manufactured home investing could help address this issue for people finding it harder to find affordable housing in major markets. 

Additionally, I realize manufactured homes will not appreciate but I would have interest in leveraging them as sources of cash flow. The BP boards have provided a wealth of knowledge, and I have already learned how important it is to find a good mobile/manufactured home community when looking for units that are part of a park. 

With that said are there any investors out there in the ATL metro that have been successful with a mobile-specific strategy? If so, which investor friendly communities have you had the most success with in the greater metro area? Finally, do you buy/flip, buy/hold or buy/rent to own the units you acquire?

Any insight from people doing this work in or near Atlanta would be immense, thank you in advance for any tips and advice you can provide!