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I haven’t but my parents have and I help them out with the business. It’s been a good return on investment but it’s a huge head ache. Unfortunately the quality of people that tend to buy or are in situations where mobile homes are their option aren’t not people who are good with money or are responsible tenants (not all people but this has been my experience). My father is consistently in court over evictions non payments etc. Not saying it’s not a good investment but definitely is a time and resource commitment
In my experience, section 8 is not a headache. You do need to comply with codes, because they will do an inspection. However, if the tenant destroys the house or is late with their portion of the rent, they can be evicted from the section 8 program as well as from the house. Since they have something to lose, they’ve been decent tenants.
At least three out of eight have worked themselves out of the section 8 program.
My spouse talked about doing this repeatedly. Ultimately, we did not pursue it because of the experiences AA1 describes.
I prefer passive investments and MH is NOT passive
u can start by not misquoting and read properly, not passive
Not personally but one of the more successful real estate investors I know swears by it. My understanding is the unit economics are great, but the tenant headaches and exposure to variance make it more hassle than it is worth unless you can invest in entire parks/multi-units with professional management.
Mobile homes - they depreciate - no? You don’t own the land
Typically when people discuss investing in mobile homes they mean the land that is rented to the individuals living there