Mobile Home Investing with Single Wide Mobile Homes

Saturday, May 29th, 2010 Mark Walters No Comments »


What if  you could do a few hours of work and obligate someone to send you $200 each month for three years? How could  you do a little work one time and get paid for a long time?

You could do that by creating notes on something that people want to buy but
don’t have the money to buy.

This could be done with a number of things, but one vehicle for creating notes is used, manufactured homes – mobile homes.

Manufactured housing and mobile home housing is the fastest growing type of housing in the country. Manufactured homes are the only affordable housing left for many people.

But even the new mobile homes are too expensive for many who want to buy. That’s why there is such a huge demand for inexpensive, used mobile homes with seller financing.

If you want to create a nice stream of incoming cash flow, learn the used mobile home business.

You may want to consider looking for lower priced single-wide mobile homes that you can buy for at least a discount of 50 cents on the dollar.

Aim more for the 10-25 cents on the dollar range. Then turn around and sell them at retail with seller financing with a reasonable down payment.

This type of financing is not always easily available through banks, so your offer may be VERY attractive to people wanting to put a roof over their family’s heads that they actually own.

These homes are 10 to 20 years old, single wide, already set up in a park and can stay on the lot. You can simply buy the home for a cash wholesale price from a motivated seller looking to move on. Have your selling price be at least double what you have in the home.

Figure out what the average monthly payment is if you carried back financing for 36 months. Include interest as well.

Set a goal to invest in one singlewide mobile home a month. After 24 months of checks coming in of $200-$500 a month, you will be well on your way to a life free of financial worry.

Don’t be surprised if word gets around that you’re doing this resulting in more deals than just one a month!

I hope this helps you on your quest to find a hot real estate market even in a slow economy!

Warm Regards,

Mark~





Tagged with: , , , , , ,