This article breaks down of some of the various mobile home investment criteria to see which are most important for you as an active mobile home investor.
Let’s discuss areas where mistakes can absolutely be made when purchasing and screening a used mobile home as a primary residence.
Every park will have its own approval process. Start your interaction off on the right foot by avoiding these errors that could make a bad first impression.
Mistakes are inevitable. Still, as prudent investors, we aim for our failures to be minimal and for our successes to be safe, predictable, and substantial.
Transporting a mobile home may seem easy as hitching the home up to a truck & pulling it down the road. In reality, there are many missteps that can happen.
When compared to the single family home space, mobile home investing has some very logical and advantageous aspects intrinsic to this niche.
There aren’t right or wrong ways to fill up a pre-existing mobile home community; however, there are methods that may make more financial sense.
“Am I able to purchase a mobile home needing repairs and resell the home for profit without making the repairs?” The answer is yes—but let’s dig deeper.
Just because mobile homes may be bought for below $10k doesn’t mean insurance isn’t just as valuable on these properties as on more expensive real estate.
There are some methods of adding mobiles homes to a park that may make more financial sense than others based on your park’s condition and location.
Many unprepared investors overpay, over-improve, or undersell their investment mobile homes to high-risk renters or deadbeat buyers. Don’t be that guy.
While getting started with more cash is better than starting poor, you may only need have a few thousand dollars to begin investing safely in mobile homes.
What are the pros and cons of investing in singlewide mobile homes vs. doublewide mobile homes? Get insight from an investor here!