All Forum Posts by: Leslie A.

@Yusuf Mathai 

  Congratulations on your first mobile home!  Hope the repairs go smoothly and trouble free for you!

@Josh Autery 

Got the rent paid and lease signed on the first one without any issues.

I have only read about one person doing it, though I looked for info for quite a while.  I was originally going to buy mobile homes to rent, but got tired of looking and not finding anything suitable.  It was kind of scary to try something that no one else seems to be doing.

I still have a renter lined up for my next purchase, but am having a hard time finding one in the condition I want for the price I want.  Either something important doesn't work (like A/C ) or they don't have a title, or something.  It's a lot like looking for used cars.  You have to ask a lot of questions before making the drive over.  Still hoping to actually buy one today. 

Also have been told by someone else that she will refer renters to me.  She says lots of people are looking for these to rent.  We have lots of people from out of town working at the chemical plants.  So I'm excited about the possibilities.

Bobby C,

Are the homes currently rented?  If so, can you raise the rents?  I would tend to want to keep homes that are rented or could be fixed up cheap.  It's expensive to move in homes.

Also, Dave & Frank's book is available in the Books section of their site and it's only $59.95. 

I think the outdated thing he was talking about above was Lonnie's material where he advocates owner financing mobile homes.  Yes, it can be done compliantly now, but is much harder and costlier than in the past. 

Hi Marlisa,

There is a whole section here on Mobile Homes & Mobile Home Park Investing.  You might want to check it out. 

I've invested in Mobile Home Notes and am now renting travel trailers out. 

Hi, Lee.  I'm in Dayton

Well, I've learned some things already.  First - pay a little more and buy one that needs no work.  Second - I am capable of doing a few repairs, although I've done very few repairs of any kind in my whole life!  Third - I'm scared of ladders and will have to overcome that.

On a happy note, I finished all the work and got the trailer completely ready to rent today.  The renter loves it and will be paying, signing papers, and moving in tomorrow night or Friday morning. 

Also, the same lady who referred this renter to me has another relative who wants to rent one.  And I have a trailer I think will be perfect lined up to look at Saturday.  This one should be much easier.  Just look at it, pay for it, have it pulled to the park, and rent it.   According to the seller, it needs no work at all.  We'll see.  They lie sometimes! LOL

Nathan,

I don't have the experience to guide you on this, but there are people who have been successful renting mobile homes.  Why not?  They require maintenance as any home does, but the upside is that you can buy them much cheaper. 

Zalman Velvel's book "Mobile Home Wealth" goes into great detail on the ins and outs of renting MHs.  For only about $20 well worth buying. 

In my checking around, I've found many park owners who have no problems with me renting homes in their park. 

I've shifted my focus to renting travel trailers (because they're much easier to find and can be moved with a pickup truck) and just last week bought my first one.  The park manager has been incredibly supportive, offering me a lot of helpful advice.  And I have a renter lined up to move in Friday with a great rental rate. 

I don't know how this will go in the long term, but I'm about to find out. 

Right.  I'm planning to sock away a large amount for repairs and replacement. 

Wow, Tim.  That must be unsettling.  Did they remove the body last night?