subject: Why You Should Invest In Mobile Homes [print this page] If you have never thought about investing in mobile homes I would like to ask WHY NOT?
Why spend 100K on a single family home that brings you only $200.00 a month cash flow while paying off this home over 30 years? Why I ask you? Would you not be much more satisfied if your 8 15 K investment paid for itself in 3-5 years and it made you $350 $600 a month cash flow? How many mobile homes can you buy for $100,000? I can tell you how many single family homes you can buy.
Why lose $1,200.00 plus a month paying payments, interest, ever increasing taxes and insurance on your vacant single family sticks and bricks home? If your Mobile Home is vacant you only lose a lot payment of $200 - $250 a month and ever decreasing tax amount. If you work out a deal like I do, with most park managers. You will not even pay a lot note while your Mobile Home is vacant.
Why worry about appreciation? Why How much does you home truly appreciate over 30 years? To find appreciate you need to know what this home truly costs you over 30 years. That is with payments, Interest taxes and Insurance. A $120,000 home cost about $1,200.00 a month in Harris County Texas, So without any repairs that home has cost you, $432,000 over a 30 year mortgage. What are the odds of you ever selling that house for $432,000? The odds are very little at best. Why waste all of your money on the myth of appreciation, when you can take great advantages of your Mobile Homes tax depreciation? You mobile home has paid for itself 100% in 2-3 years. And every year it costs you less in taxes and less in insurance, all the while your rent is going up and putting my $$$$ in your back pocket.
Why baby-sit your tenants spread all over a city , when you can move all of your homes to one local park as you are slowly taking over control of the Mobile Home park with each house your bring in?
