Investing in Mobile Homes
Many property investors overlook mobile homes. The fact is mobile homes are a great way to start in the business. Here are a few reasons you should invest in mobile homes:
COMPETITION
So many people are getting into the real estate investment business. You see signs and ads everywhere: “We buy houses.” Many people purchase Carleton Sheets, or other No money down programs. With mobile homes there is less competition.
MONEY
Your initial investment is less when investing in mobile homes. Mortgage payments are often as low as $200-$400 per month. Traditional real estate mortgage payments average about $700-900 per month.
NEED
Looking at the real estate market today, the need for rentals for lower to middle class families are needed and hard to find.
MAINTENANCE
Mobile homes are less expensive in everyway. Repairs and maintenance are less expensive and easier to repair.
There are many reasons to invest in mobile homes versus traditional real estate properties. You must also consider whether or not a mobile home comes with land or is a rented lot.
