Are mobile homes or modular homes good rental property investments?

Responses:

Bella, If you can pay cash for a mobil home on it's own land. Then rent it out for a few hundred a mo. then it's not a bad deal. But when the tenants calls and says my plumbing leaks can you fix it yourself? Or must you call a plumber? If you are going to call a professional everytime something breaks you will quickly eat up your few hundred a mo. They are costly to repair. You would need to know how to do it yourself. That being said if you can. Go for it. If you can't stay away from it. There are worse things than not having a rental
Mobile homes and modular homes are two very, very different things. Mobile homes are built on a ch is, given a motor vehicle le, brought to a location, and attached to the ground. The motor vehicle le is then retired. Modular homes are built to the code of where the home is to be located. A modular home is brought to the building site in pieces, where final embly takes place. It is often indistinguishable from stick built housing. For some reason, modular homes get a bad rap in the US, but is the norm in much of the world. Common sense would tell you that modular homes should be better built than stick built homes. With a modular home, the building is performed in a factory where all the tools needed are there. The workers have a regular job, receive benefits, have a roof over their heads, and normal hours. With a stick built home, different workers often show up day after day - sometimes it's just a matter of who happened to be in the Home Depot parking lot that morning - and there is often compromise when a piece of equipment isn't at the site. Bottom line: many fewer problems with modular housing. To answer your question, for you, perhaps neither would be a good rental property investment. You should only invest in things you know and understand. Clearly, this is not an area where you have the expertise to do well
Mobile and Modular homes are very good rental investments if you are making a positive cash flow and you are happy with the return. Modular homes go up in value and mobile homes do NOT unless you own the underlying land. Modular is basically the same as stick built after it is all finished. Appreciates in the same manner. I have made a lot of money with both but better on properties other than mobile

Tags: area, investment, code, return, plumber

Follow this dicussion..

Related Images:

Knowledge Base

who trust to teach real estate investing?

read the millionaire real estate investor by gary keller. it has valuable information. i heard rich dad, poor dad was also a good book. read the millionaire real estate investor by gary keller. it has valuable information. i heard rich dad, poor dad was also a good book. take a (home investing)

What is a good formula splitting profits on a rental property investment?

i am involved in a 3 - way investment on a rental property and we are being forced to sell because of a dot project. our profit on this property will be approximately $75, 000 and we need to figure out how to split this up. being close family members, (real estate funds)

What charged financial planning or investment advice?

many financial services providers tout their financial advice as being for free. but we all know nobody does anything for free. aparently there are a bewlidering number of ways in which investment advisors make their money such as trading commissions, hourly frees, trailer fees, management fees, performance fees and so (investment companies)

Related Images:

Knowledge Base: Investment Property

Which European Country is Currently the Best For Investing in Property?

looking at investing in a property, preferably somewhere in europe, to rent out and could also be used as a holiday apartment if needed. unsure the best financial option with regards to countries however, anyone with any experience / expertise able to give some advice?. hi just google it. you (investing property)

Where would I find Real Estate, Property Investors to invest in an investment in North Carolina Rental House?

i have been networking, posting, etc. endlessly. what and where is the best place to put my great real estate deals in front of property investors with their contact information listed? it can be from investors that invest nationwide here in the usa or locally in north carolina. thanks and (investment property)

Have property investors destroyed the great Australian dream?

20 - 30 years ago the average australian home cost about 4 times the average income. according to published statistics that figure is now about 7 times. are large numbers small cashed - up property investors owning 1 - 8 investment rental properties driving up house prices beyond the reach (land investment)

Is investing in property better than to invest in the stock exchange?

i am doing an essay at the moment and i would like to know whether ppl in general would place the life savings into property or on the stock exchange. if anyone has some advice. plz leave it here. thanx. in the market, property is too long term and risky (investing property)

I live in a council property but want to go into investing in properties as a business - can i still live here?

i would love to invest in property market for future investment, but fear losing my council property which i wish to remain living in whilst carrying out this new business. will i lose my council property if i take up this new venture?. im sorry but if you can invest (land investment)

Related Images:

Knowledge Base: Property Investments

What is area in London residential property investment?

please add suggestions if you know of other good areas in the uk for residential property investments and explain why. everywhere and anywhere in london is a investment. hackney will eventually become 'gentrified' purely due to the proximity of the city and the fact there are a lot of big (property investments)

What advice can people give on overseas property investments?

for example would you invest in a caribbean property that is not yet built, where the deposit is Â£1000 and the developer has no other properties up and running yet, though some are already built but not being used?. my best advise would be : - 1 be extremely weary. (property investments)

What s to money? ontop of salary Shares, Property, Investments?

this year i am going to make money outside of my day job - what's the best way. heritage. charitable donations can create quit the dividend on the tax return at the end of the year. property and c. d. investments. c. d. 's are like 401k plans. pending how (property investments)

What is a good formula splitting profits on a rental property investment?

Are mobile homes or modular homes good rental property investments?

mobile homes and modular homes are two very, very different things. mobile homes are built on a ch is, given a motor vehicle le, brought to a location, and attached to the ground. the motor vehicle le is then retired. modular homes are built to the code of where the (property investments)