Profitable Real Estate Investing in Mobile Homes
Mobile homes have been under the radar of most real estate investors. Yet for
a small but growing group of savvy investors, they have become a tremendous asset.
How can you turn a mobile home into a profit making investment? The answers are
all in this book. Written by one of the top professionals in the business
Mobile Home Wealth is an easy-to-understand book that can guide you to one
of the least explored yet most lucrative investments in real estate.
The author had been in real estate for years when opportunity knocked and he
found himself, on one hand, with a vacant lot and, on the other, with several
mobile home trailers. He realized that if he put the trailers on the property and
rented them out - at least until the property appreciated - he would be ahead of
the game. Now Zalman owns the games, and everything he has learned about the
basic principles and practices of mobile home investing is now found in this book.
Here, for the first time, is the definitive guide to real estate investors hidden
treasure - mobile homes. The author begins by presenting the basic principles and
practices of real estate investing. He then applies these principles to mobile homes,
covering every step of the investment process from choosing a home to financing
the purchase, negotiating the price, improving the property, and selling or renting
for maximum gains. Whether you are looking for a smart addition to your portfolio
or searching for a new and different business, this book will forever change the way
you view mobile homes.
So What Exactly is a Mobile Home
Mobile homes are built in a factory and then transported and set in place for
people to live in. The fancy term for them is manufactured housing ... However
you refer to them, they are the most affordable form of housing. There is a huge
demand for affordable housing, and there always will be. You are entering a field
where you won't have to worry that the Internet or a computer will eliminate your
career. You also don't have to worry about whether a new single-family home or
townhouse subdivision will open up down the street and under-sell you. They will
not have more affordable housing than you.
To understand just how affordable mobile homes are, think about this: Recently
the median-priced home in the United States was worth $225,000. That means
there were just as many homes sold above $225,000 as there below that number.
In simple terms, the number is similar to the average price. The median price for
a new mobile home (without land) was around $50,000. That is less than a quarter
of the price! If you are impressed by that number, then you should be even more
impressed when I show you how to buy good used mobile homes for $10,000 or less.
How Much Money Will You Need to Get Started?
Speaking of money, it would be nice if you could start out with some savings to
invest, and good credit, but if you don't, you won't be left out. If you have no money
to get started with and no credit, or evenbad credit, don't worry. Several tried-and-true
"no-money-down" strategies have also been included to get you started, each which I
have personally used, so you don't have to have any money or any credit to get started.