Modular Home Rentals?

[Resale MH Rehabs]

Keep in mind that if you drop it on a foundation you'll pay real estate property tax like a site built home. Keep it off a foundation and you'll pay only personal property taxes saving thousands. (in most states)

Try a MH with similar characteristics and play with the landscaping to give it a site built home look.

[travistane]

They seems to be a good investment As what your prospective plan says . it would definitely turn into a  good investment as the property itself portraits cozy and comfortable for renting.

[motivatedceo]

I have researched the mobile home business pretty intensely...and I can tell you the people who really make the good money in the mobile home OR modular home business buy the land, and lease the lots. They do NOT own the homes. That's where you'll make your bread & butter - because there is little to no maintenance vs actually owning the home.

And when it comes to the home itself, it is actually very smart to owner-finance the home for the buyer. Mobile or modular homes, even the nice ones that look like houses, are like cars or computers - the only go down in value. So the best way to get one is to buy a used one at a fire sale price, fix or clean it up a bit and sell it on a note. So why not get cashflow from the note on the home, and also get cashflow from the lot rent? If something goes wrong with the home, it is NOT your job to fix it. And if the person defaults on the note, you can take it back & resell it again on a new note, and make even more money.  It's almost the perfect business.