In this episode of Properties to Profit, I dive into the world of mobile home investing. Many investors are hesitant to explore mobile homes, but I’ve personally had great success with them. I share one of my most profitable deals—a manufactured home in Newark, Ohio—that turned into an $85,000 win. From dealing with title issues to making a few key updates, I walk you through the entire process of turning a $90,000 investment into a $50,000 profit in just over 50 days. I also discuss the unique challenges and opportunities that come with mobile home investments, including the risks and rewards of taking on deals with limited comparable sales data.
If you’ve ever wondered about flipping manufactured homes or felt unsure about tackling these types of deals, this episode will give you the confidence to take the leap!
Timeline Summary:
[0:00] – Introduction and why mobile homes can be great investments.
[1:03] – My personal success rate with mobile homes and why I keep investing in them.
[2:22] – Breakdown of a $90K mobile home deal in Newark, Ohio.
[3:14] – Overcoming title issues and working with the seller.
[4:50] – How I turned this deal into a $50,000 profit in just 52 days.
[5:32] – Dealing with the challenges of VA appraisals and financing.
[6:33] – Why manufactured homes scare some investors and why I take the risk.
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