You may not have considered investing in mobile homes before, but with the current urban expansion, it might be a rewarding investment in 2021.
While the most knowledgeable real estate professionals are focusing their efforts on single-family homes, you may get a head start by investing in low-cost, high-demand units or even mobile home park investments.
The market has gotten very challenging since the collapse ten years ago.
Initially, the crisis provided an opportunity for investors to purchase homes at rock-bottom prices.
However, the real estate market evolves with time. Is it still worthwhile to invest?
Are mobile homes a good investment?
Learn in this review.
But before that…
Mobile Homes is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Mobile Homes review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Real Estate.
Digital Real Estate takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Real Estate allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Mobile Homes, keep reading.
What Are Mobile Homes?
A manufactured home, also known as a trailer home, residential caravan, mobile home, or house trailer, is a factory-built building that is transported to the home site.
A mobile home may be used as a regular residence or as a vacation home, and they are often sold or leased, making them an excellent investment.
Additionally, these types of manufactured housing may be relocated if necessary, which makes investing in manufactured homes all the more appealing.
Manufactured homes have a similar historical origin to travel trailers, but the modern mobile home much outperforms its cousin in terms of style, safety, and quality.
Real Estate Investing: Is Buying A Mobile Home A Good Investment?
If you’re wondering if purchasing mobile homes as an investment is a smart idea, the answer is yes.
However, whether it is a wise investment for your personal property will be evaluated by a variety of circumstances, including, but not limited to:
- The amount you are paying for rent.
- Do you want a used or new home?
- Do you intend to borrow money to purchase a mobile home? If so, what financing options do you have.
- Your financial goals for the long run.
- The price of space in your neighborhood.
Real Estate Investing: What Are The Advantages Of Investing In Mobile Homes?
There are a number of reasons why real estate investors may consider investing in mobile homes:
Buying a mobile house is quite inexpensive. Whether you purchase or rent a prefabricated home, it will almost likely cost less than a traditional house. This is even less expensive than renting an apartment.
This is because they are mass-produced in factories, hence the materials used to construct manufactured house units are less expensive overall.
More Luxurious Alternatives Are Available Now
Hardwood floors, granite countertops, and fancy fixtures are examples of luxury products and fittings that may be installed to a mobile home.
Investing in mobile homes can be luxurious as well. If you are buying a manufactured home to rent to others, you may be able to charge a higher fee if it incorporates some of these luxury features.
Lower Repair And Maintenance Costs
Customers are pleased when they learn that their product needs less care and maintenance, which investing in mobile homes delivers.
Most repairs to a traditional house that you can think of will usually cost less in a manufactured home.
Living in a mobile home is very safe and secure since they are built in compliance with the US Department of Housing and Urban Development’s HUD Code.
By purchasing one of these mobile homes, homeowners will not have to worry about whether their land is in a high-risk area for storms, hurricanes, or other natural disasters. This is due to the fact that each mobile home is designed to withstand the types of hazardous weather that the region of the nation or zone in which it is located is prone to.
Demand Is High
Global population expansion is increasing, and as a result, purchasing a mobile home is becoming more popular.
This means that there is a greater need for housing and affordable homes.
Tenant Turnover Is Lower
Mobile homes have a lower turnover rate than stick-built houses, apartments, modular homes, multi-family homes, and single-family homes.
This is primarily because they are far more affordable than most other housing options as well as being less expensive to maintain.
There Is Less Competition
Not many people have invested in mobile homes. If you decide to invest in a manufactured home and turn it into an income-generating asset, you will have less competition.
Real Estate Investing: What Are The Disadvantages Of Investing In Mobile Homes?
Will You Lose Money?
Although there are various benefits to investing in mobile homes, there are some drawbacks.
It is up to you to understand these drawbacks and find solutions to mitigate them.
Let’s Go Over Some Of The Disadvantages:
Many individuals have stated that they face discrimination because they live in mobile homes.
The majority of the middle-class population view manufactured homes as economic alternatives for the poor. Others believe that these housing units are dangerous.
Depreciation Occurs Quickly
Mobile homes depreciate quicker than traditional homes.
While this is favorable for tax reasons, it is detrimental to resale value.
The Necessity Of Land
Setting up a mobile home necessitates the purchase of real estate land. You’ll need to either purchase or rent a building lot.
You could even be able to discover a house to purchase from a mobile home park, in which case the home setup will be done for you.
A Lack Of Financial Options
As a prospective investor, you may realize that you prefer to construct mobile home pads rather than traditional dwellings.
Unfortunately, most conventional lenders will not lend to you for constructed houses. This is because, unless owned with the land on which they sit, mobile homes are considered personal property.
Things To Consider When Purchasing A Mobile Home
Follow The Recommendations Below To Make A Successful And Profitable Investment:
Learn About The Different Types Of Mobile Homes
The main difference is size, with single-wide houses being around half the size of double-wide flats.
It could be a good idea to pay a visit and speak with one or two mobile home park owners. A visit to a mobile home park will give you a new perspective on these various layouts. There are many different types of houses to select from in many mobile home parks.
Look At Local Supply Options On Private Land And Mobile Home Parks
In general, the more private land mobile homes and mobile home parks there are in the market where you work, the higher your chances of investment success.
The more neighboring mobile home parks you have, the better. You are probably surrounded by more parks and mobile home communities than you know.
Every mobile home is a unique property. Every mobile home seller and buyer is in a different scenario. With mobile home sellers, there are no cookie-cutter approaches to make. It is best to fully comprehend what you are putting an offer on, who you’re collaborating with, and the processes required to securely move forward to produce a win-win transaction.
Decide Between A Second-Hand Or Brand-New Mobile Home.
Which would be a better match for you: a used house or a brand-new home?
You should be able to simply answer this question. It would be beneficial if you understood that both strategies have pros and cons.
If you decide to purchase a new mobile home, research the different manufacturers and dealers. It would be beneficial if you could also speak with any mobile homeowners.
If you decide to buy a second-hand mobile home, try working with a local agent to find the best options.
Check Out The Amenities
Whether you are purchasing new or used mobile homes, it is important to evaluate the different amenities that manufactured homes provide that increase their resale value.
Aside from stainless steel appliances and granite countertops, there are a few more factors to consider: Water cutoff valves incorporated into the siding, insulation, single-pitch and pitched roofs, and wood flooring
Are Mobile Homes A Scam?
So, are Mobile Homes a scam? Not technically. You can make money with this program, but it’s definitely not as easy as gurus makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – the actual profit margins on real estate investments are pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months – looking at deals, sending out offers, negotiating with the seller and lender to buy a rental property – and then your reward is like $100 a month in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Mobile Homes?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Real Estate, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH. Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Real Estate, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Mobile Homes which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.