OfflineConditions of the economy will FORCE many apartment and house renters and foreclosed families to turn to mobile homes for affordable living.
With the factors of the down market and the future of the job market people will have to do what they have to do to have a place to live at a price they can afford.
Many Mobile home Parks are for sale NOW and ripe for the taking, some with owner financing because they have made their money.
If you have a MHP of 60 mobile homes, lot rent $350 month=$21,000 month minus expenses, say $5000(trash, park lighting) would = $16,000 month x 12=$192,000yr
Get it? What if you owned 10 of the mobile homes and had apts/effiency and office...ADD that.
Mike
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
You are right, but the mobile homes are hard to sell and the value goes down.
of mobile homes up for sale lately; just wondering, where are the people that used to live in these have gone to now?
Who is renting the mobile homes these days? ... just wondering...
thanks for the info.
valerie
Valerie
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The key is to rent the lots--the tenants own their mobile home and maintain it. The ones you do own,you rent AND collect lot rent over and over and over.
Buy them cheap,value goes down, rents go up!
Mike
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
I think some of the ones for sale could be from foreclosed owners and others may be from people who wanted to move into a house. Some could be from landlords.
Mike
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
yes it is a goldmine, let me know if you want to flip some.
would be interested, cause am currently working on 2 right now.
Getting very close to close the deal...
what part of the country are you living?
Thank you for your time.
God Bless
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I'm in VA.
Looking at one now, I know the owner purchased it in 1988 for $375k...wants to sell for $6mill..I think he's crazy even if he is offering owner finance.
Mike
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
This is a good assessment. The market is going to be driving people into more affordable housing for the next couple of years. Low income housing is going to be a good bet!
In a recent TV show, with Hansen, Dean indicated the existence of a "INVESTOR
NETWORK" available to buyers of his latest book, YTYREP. Anyone out there working with them? Where is this "network", and how do I contact them? Thanks.
Another thing in MH's (mobile homes) is dealing with the paper side of tings by buying and selling mobile home notes at discounts. I'm not an expert ion the subject but I know a few people who have done quite well for themselves note networking in mobile homes.
John 14:6