Imagine buying 3 lots for $4500 total then selling a month later for $20,000 per lot! That’s what land flipping is all about and it’s a huge opportunity. Why? Because people who buy mobile homes need a place to put their mobile homes. People who have a mobile home in a park are fed up […]
While most real estate investors are chasing single family house opportunities. Few are looking for opportunities with mobile homes. Maybe that’s because the profit margins are not as big. Maybe it is because mobile homes are not so glamorous. Mobile homes are a missed opportunity with little competition. Read the article below by the Legendary […]
Some investors avoid investing in mobile homes in Over-55 mobile home parks because it limits who your buyers can be. But, there is an opportunity in Over-55 parks which is not available in other parks. Usually when I buy a mobile home way below market in an Over-55 mobile home park, I am able to […]
This is a great article written by the late Lonnie Scruggs – also known as the God Father of Mobile Homes. Lonnie created the “Lonnie Deal” system of buying cheap older mobile homes then selling them with seller financing so you can get cash flow. Learn more…. Fred was like most investors and entrepreneurs and […]
There are many her ways to make money as a park owner. Let's track one of the most successful park owners I ever met to see how he did things. Bill owned a 113 space water front combination rental and condo park. He also owned a finance company, a used Mobile Home dealership, a Mobile Home moving company, a new Mobile Home dealership, a management company, a fuel oil and bottled gas company, a Mobile Home repair service, a sewer and water utility company and a collection company.
Mobile Home owners fall into dire financial circumstances as a result of all the usual reasons that affect conventional homeowners; but there are unusual circumstances that create opportunity: When a mobile home is situated on an individual rental lot, or in a land lease park, being in default on the loan is usually accompanied by being in default on the lease too. This creates challenges for everyone.
About 1/3 of all housing have been built in factories and brought to the site for installation and/or assembly. Included in these figures are MODULAR HOMES and PANELIZED HOMES. There are many different ways you can invest in and make a profit with this type of real estate or the land where these homes go.
Learn 8 creative ways to find super cheap mobile homes deals which would be ideal "Lonnie Deal" candidates. Also learn how to find all the mobile home parks near you.
If you want to learn more about "Trailers", all you have to do is to mention the word "Trailer" to a "Mobile Home" owner. You'll immediately be assaulted by a lecture on the difference between the Raggedy Ann tagalong image of "slope-shouldered" pre-war gypsy caravans and today's "Manufactured Mansions" that vie with stick-built housing to woo the discriminating buyer. Most of what you will be told will be true; particularly the cost per square foot of a new mobile home. New Mobile Homes are very profitable, but, an older used Trailer is where the money is for the little guy who is trying to get started. When it comes to making money, Trailers rank near the very top of high yield investment alternatives for everyone.
Developing and managing mobile home communities can be extremely profitable, but based upon the return on investment, it's hard to beat mobile homes themselves. Homes can be new or used, single or double-wide, bought and fixed up for resale, rented and written off, or held as inventory for sale, located in existing parks, private parcels, or on sale lots, financed privately or through commercial lenders. Let me give you some examples of a few ways mobile homes have been used to make extraordinary profits: