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Profitable Real Estate Investing in Mobile Homes

Mobile Home Wealth

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.

Excerpt:

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.

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