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Mobile Homes

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netnet:
A friend approached me about investing in mobile homes. 

I had never looked at that asset class and my initial ick reaction, made me think that it may be less picked over than other RE.  In a quick search on the internet it looks as if there is some inefficiency possibly due to the ick factor and less lending activity.

BTShine:
In what way(s) are you considering to invest in mobile homes?

Gregmal:
If done properly, mobile homes are a total gold mine. 20%+ type stuff. Brother in law does a bunch of this in central Florida.

netnet:

--- Quote from: BTShine on February 19, 2020, 03:41:29 PM ---In what way(s) are you considering to invest in mobile homes?

--- End quote ---

My friend wants to buy a park.  I am thinking I would rather buy some (one?) mobile home, rehab and rent or rent to sell just to see how it works.  I also wanted to try it before I suggested it to some enterprising younger relatives.

netnet:

--- Quote from: Gregmal on February 19, 2020, 03:48:49 PM ---If done properly, mobile homes are a total gold mine. 20%+ type stuff. Brother in law does a bunch of this in central Florida.

--- End quote ---

Care to elaborate?

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