There are re-hab opportunities with remarkable profits for those who are wiling to work for their money. The key to refurbishing a Mobile Home is to try to make it seem as much like a new stick-built house as possible, within the bounds of good sense. In any event, you want a prospective buyer to be able to be proud of his home and not to feel that it is old and obsolete.
Developing a Small Mobile Home Subdivision
One fellow I know has decided to see if he can’t emulate my Arizona entrepreneur in a slightly different way. He owns a small family farm on which he has run a cow/calf operation for several years while he raised his kids. Now that they have grown up, he has cut up his land into two-acre plots and turned his farm into a re-manufacturing facility.
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Making Money With Small Mobile Home Parks
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Earning High Yields with Mobile Homes
Let's talk yield on individual lots/homes: While existing individual Mobile Home lots in some cities can cost $75,000 and more, an individual bare-bones 1 acre lot in a rural setting without any amenities can be developed for about $10,000 - $15,000 depending upon whether or not there is existing road access.
Are Mobile Homes and Parks Still Good Investments
I was asked two questions recently:
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Are used mobile homes and mobile home parks still a good business to consider in the present economy?
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What would you do different if you were starting out today?
Very good questions, so let me address them.
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Goals
Well folks, another year of your life is history and you’re about to enter a brand new year. I hope 2008 was a good year for you. It was a great year for me, and I expect 2009 to be even better.
Find the Need, Fill the Need, Finance the Need
How could I create or "make" notes that would provide high yield with low risk, and with a small investment? That was a question I had been asking myself for some time. After many years in the rental business, I had become a burned-out landlord. I woke up one morning and discovered that I had enjoyed all the tenants I could stand. And I thought how nice it would be if I could somehow create monthly checks, with no tenants, no management and no maintenance?
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Individual Mobile Home Transactions
With Mobile Homes, the average entrepreneur with little money to work with will discover most opportunity at the grass roots level just as with single family houses. Mobile Home owners are no different from any other homeowners. In general we might say that an average new double-wide Mobile Home would be priced at about one third the cost of a single family home of comparable size at the retail level.
Understanding Mobile Home Investments
Let’s try to put Mobile Homes into perspective: Individual homes on leased land are about as illiquid as condos, however when it comes to short-term cash-flow rental yields, there's absolutely no comparison with any other form of residential property.
Introduction to Mobile Home Investing
Let's start at the beginning. For the past three decades or so, one third of all single family homes have been built in factories and brought to the site for installation and/or assembly. Included in these figures are MODULAR HOMES and