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How To Generate Thousands Of Dollars Per Year Investing In Mobile Homes

By: Kris Koonar

All of us, once in a while, tend to get stuck with a raw deal in real estate investments. While most of us merely have theories and philosophies of real estate investment, only a few have a logical understanding and experience of profitable real estate investment ideas.

Investing in Mobile Homes is a Great option because not only is it economical, but it also has other advantages.

A Fixer-Upper Mobile Home is an Economical Investment Option

You can live in a fixer-upper and repair it at the same time. An additional advantage of investing in a mobile home is that you do not need to pay real estate taxes, as you would for a fixed real estate property. Apart from insurance, you would not be burdened with any other major payments.

In order to give the mobile home the feel of a real home, you could spend a little on designing the interiors to suit your lifestyle. Even if you decide to be a little extravagant in furnishing your mobile home, the cost of refurbishing will still be a lot more manageable and viable than fixing up a fixed real estate property.

After a year or two, when you have saved all the money by not paying the taxes and interest that you would have for a fixed real estate property, you can re-invest it in another fixer-upper mobile home. Then rent the previous mobile home while you stay in the second fixer-upper.

Charge separately for the utilities and the lot rent if you want to generate more cash flow. This way you can earn a good return on your investment within the very first year of buying the second mobile home. You could use the rental income from the first mobile home to repair the second one, while you stay in it at the same time. If you keep repeating the process this way, you would end up generating a handsome amount of liquid cash.

In this manner, you would even get an insight and experience of real estate investments, although on a smaller scale. This repetitive process of buying and repairing a fixer-upper, and then renting it out, can prove to be very beneficial.

While you double the cash flow by carrying out a similar deal over and over, you are also earning a generous rental income by investing a meager amount of money. And if things don’t work out according to your expectations, you always have the option of selling the mobile homes.

If you wish to own a real estate property of your own, but do not have sufficient capital, then investing in a mobile home is the perfect solution for you.

Author Resource: Real Estate Investments are easy with Real Net USA’s process. Using little or even no money down you can own a Real Estate Investment.

Article From RealEstateArticles4U.com

Technorati Tags: Mobile Home Investing, Real estate investing

Investing In Mobile or Manufactured Housing
By: David Gass

Investing in mobile or manufactured housing is beneficial, because it provides you more cash flow.

This can be better explained with the help of an example. In a small town, the average cost of two-bedroom house is around $130,000 and you will get $800 a month as rent for it.

The cost of a mobile home will not be more than $45,000 and the probable amount of rent is $500 a month. Therefore, the increase in the amount of rent is not in proportion to the increase in the cost of the house. There is about a 200 percent increase in cost as compared to only a 60 percent increase in the rent.

What it indicates is that investing in low-income housing like mobile homes, run-down apartments and old houses can be a wise decision.

Risk And Management Problems Are The Price For Higher Returns
People often tend to ignore investing in low-income housing, because of the greater amount of risk and problems in managing such kind of houses.

This is true!

Whatever negative points they may have in their minds are not baseless. You may need to manage small repairs here and there. Sometimes you may receive the rent late.

However, you should not forget that this is the price you are paying to get higher returns. Had there been no possibility of getting higher returns, nobody would have recommended investing in low-income housing.

Tips on Buying
Investing in mobile or manufactured housing is ideal for generating a long-term cash flow. In fact, low-income housing is a very good asset capable of producing income for several reasons.

The very first reason is that mobile or manufactured homes are plentiful. Houses exist everywhere, whether it is a city, a town or the neighborhood.

The easy availability makes mobile or manufactured houses easy to buy. Getting discounts on buying is also possible because so many sellers want to sell the property due to problems.

If the house is well maintained, the average period of occupancy for a tenant is three to five years, while most of the other cash flow vehicles do not have this longer occupancy period.

Tips on Selling
Investing in low-income housing may fetch you 10 to 15 percent price premiums if you sell the property by agreeing for a sort of payment contract with the buyer.

By investing in low-income mobile or manufactured housing you are not putting your money in slums. These are starter homes, but the location is not always so great.

25 Percent To 40 Percent ROI
You should keep an eye on the auction sales such as tax, estate, and foreclosure sales for investing in low-income housing. There, it is possible to buy these foreclosed mobile or manufactured houses for $3,000 to $25,000. You may receive $350 to $500 a month by renting out these houses. In terms of return on investment, it may be possible to get average returns between 25 percent and 40 percent.

Author Resource: David Gass is President of Business Credit Services, Inc. His company publishes a free weekly e-newsletter on Small Business Consulting at their web site: www.smallbusinessconsulting.com.

Article From RealEstateArticles4U.com

Technorati Tags: Mobile Home Investing

By: Omar Johnson

They may not be the most popular housing, but manufactured homes are certainly a form of affordable housing to be appreciated. Mobile homes these days are a far cry from the ones being produced several years back. They are stylish, large, and some are even luxurious.

While some real estate investors may be inclined to turn up their noses at manufactured homes, that doesn’t mean they aren’t good investments. More than 16 million people reside in mobile homes in the United States. That translates into 16 million reasons to consider investing in manufactured homes.

As with flipping houses, investors can flip mobile homes by purchasing low and selling high. The best way to do this is to sell on terms. You can also provide seller financing.

If you invest in a mobile home and sell it, you can gain profit by collecting on the interest from the financing. Mobile homes can also be fixed and flipped like a regular house. In fact, you may be able to make inexpensive renovations to a mobile home and turn a quicker profit then that of a house.

If you don’t want to invest in an actual mobile home, you can always purchase land to put the home on. Mobile home parks are very popular these days. By picking up a park or some land, you can rent the space for owners to park their mobile homes. If you have a mobile home park, your tenants tend to be more secure because they can’t legally move their home out of the park until it is paid for. This will keep them sticking around for a few years at least.

If you do opt to invest in a mobile home park, you have a great opportunity to increase the value of the park. This can be done by increasing the net income the park yields. In turn, the market value of the park goes up.

You can also capitalize by buying a run-down mobile home park and fixing it up. If this is the case, try to find a park with fewer tenants. Then remodel the park and actively seek new tenants whom you can charge a higher rate then your old tenants because you have increased the appearance of the park.

You can also flip mobile home parks by purchasing a park in poor condition and improving it then selling it to another real estate investor. The property will actually sell for a higher price even if the tenants are not paying more in rent because the park itself has increased in value and will have a higher income potential.

Remember, mobile homes and houses are almost not quite one in the same. Most of the rules that apply towards investing in houses apply to mobile homes. You don’t have to live in a mobile home, you don’t even need to like them, to make a profit from them.

Mobile homes are just another form of investment property. They are a legitimate means of investment because Americans are living in them.

Author Resource: Omar Johnson is a successful Real Estate Investor and author of the home study course “The Real Estate Investor’s Guide To Finding The Motivated Seller” for more info: www.findingthemotivatedsellers.com

Article From RealEstateArticles4U.com

Technorati Tags: Manufactured home investing, Mobile Home Investing, Real estate investing

How To Generate Thousands Of Dollars Per Year Investing In Mobile Homes
By: Kris Koonar

All of us, once in a while, tend to get stuck with a raw deal in real estate investments. While most of us merely have theories and philosophies of real estate investment, only a few have a logical understanding and experience of profitable real estate investment ideas.

Many real estate investors make wrong deals, like paying a high price for a cheap real estate property, or buying in the wrong market, or acquiring property that may require expensive repair and maintenance, or buying property that cannot be easily rented.

Taking all this into account, rather than investing in risky real estate, investing in a mobile home is a safer and more feasible investment idea. Investing in mobile homes is a better option because not only is it economical, but it also has other advantages.

Read the rest of the article at:
Investing In Mobile Homes

Technorati Tags: Mobile Home Investing