mobile home prices

[Mystic Realty]

You mentioned Craigs list, I have purchased 3 myself off of there, actually they were all given to me.  I think that is an excellent place to look.

[Richard Stephens]

I purchased 2 mobile homes (older 2/1 homes) last week for $1000 each and one this morning for $3700 (nice 3/1 home). All 3 are already set up in the same family park($4000 value on each home). I already have sold one on contract, and the other 2 will be sold by the end of the week. The bottom line is the $5700 will net at least $45000 over the next few years.

I think the best money in mobile homes comes from parks instead. My last deal completed was on a 20 space park and it was held for about 6 months before selling it. The total profit on it was about 75k plus I am managing it for the new owner.

As for finding homes I would suggest MHBay.com
You can find the MHPs at MHPS.com

Richard Stephens

[tatertot]

A couple of things to be careful about: This does not apply everywhere in the country, but just be aware before you buy.

Around here, MH owners were walking away from their mobiles because park rents went so high. If they still had a mortgage on the mobile, it was sure to be upside down because of the way that mobiles depreciate.

With the new high park rent and their mortgage payment, it was cheaper for them to walk away and rent a house to live in.

High park rent will discourage your buyers.

Then, several of the mobile home parks gave everybody notice to vacate; to take their MHs and get out. That land is being turned into housing developments.

The mobiles are older and not worth the expense of moving them, so they are being torn down and hauled to the dump.

So if you buy mobiles in parks, you want to double check that the park is still going to be there.

[Beck]

Check online, you can find Lonnie dealers who do the entire deal for you, you just sit back and collect checks!