To often people get caught up in what is a sexy world of real estate flipping. Fact is, there is more opportunity in Mobile Home Flipping than any other Market Today!!
Please share your Mobile Home Stories, and I will share my advice and personal experiences!! Hope to hear from you all soon!!
Working on two mobile home flips
October 16th, 2010 | posted by bobkellyLet's get this group rolling! I've bought two mobile homes in the past month. The second one I bought right: offered $4,570 against a list price of $18,500. We settled at $6,125 or $3.44 per square foot!
My first MH is being worked on by the contractor. The second closes on November 1st and he'll switch right over to it. The next thing I have to prove to myself: will they sell and for how much?
I learned the business from this guy, who is local to me (Seattle area):
http://www.mobilesmakemillions.com
He's flipped 113 mobile homes over 4 years. He says there are hardly any investors active in this space. My inspector confirms the same thing - he's never inspected a mobile home for an investor.