All Forum Posts by: Jerry Lucker

@Frank Rolfe

Exactly

@Susan Wilhite

You’re implying that the LGBTQ community is not aware of the regular channels of real estate advertising?

@Kristin Hargrave

You’ll probably find that park owned homes of any age do not figure in the value of the park - buying, selling, or refi - .

@Navjot Dhaliwal

It may work. It works well for some. Due diligence will tell. Run the numbers.

Be wary of advice from some who aren’t and haven’t been in the business.

Just because mobiles aren’t real estate doesn’t mean they can’t be a good investment.

Many mobile homes built in the last 25 years or so are made if the same basic material as stick built. With a little maintenance they will hold up well.

As a note - I’ve worked with mobile homes for 20 years.

@Shawn Westbrook

A stud finder of course.

Just start. You’ll figure it out.

@Brenda Price

Do a Google search for ‘loans on manufactured homes on land’.

You will find the $

@Julio Vasquez

I have several mobile homes on lots as rentals. I’ve flipped mobiles or sold them on contract.

Mobiles cost a fraction of what stick built homes go for. I've purchased nice used mobiles, put them on lots and rented them for close to what a stick built of the same size would bring. The ROI and/or profit margins for renting/flipping mobiles puts most stick built real estate to shame.

Mobiles usually don’t appreciate as much as stick built but for quick flips or long term hold as rentals they’re superb.

Many investors wouldn’t agree but then they don’t have 20+ years of success doing it either :)

@Tom Price

Been doing that for 20 years. Mobiles cost a lot less than comparable size stick built homes, but they rent for close to the same money. Renters are most interested in the number of bedrooms, baths, etc. - how much room for the $.

Keep the house well maintained. It’s always been good for me.

@Jaden Adams

College takes years and $100K plus.

They teach you how to get a job.

You can invest less than $20K into learning real estate and in a year be making serious dollars plus you’ll be self employed and self sufficient.

@Isaac Johnson

Teachers teach. Real estate investors go out and do it and make money.

Teacher is ignorant, shun him.