Are you considering getting started in mobile home investing? Well, just like everything else, this business comes with its own pros and cons. In this video I am going to share just a few of them with you, even though I think the pros definitely outweigh the cons!
Click the video below to watch now.
Hi, I’m Chimene Van Gundy, best selling author and mobile home millionaire. And today I want to talk to you about the pros and cons of mobile home investing. I actually get asked this question all the time, right? Like what are the pros, what are the cons? So I want to share some of that information with you today. One of the pros to investing in mobile homes is that it takes very little money to no money at all to get started. And this is because you’re dealing with the title and a DMV with a mobile home versus real estate and a d to trust. So you don’t have to close at a title company. The second pro would be speed. Typically these transactions can close and under 30 days or less because of the way in which it’s actually done, which is personal property. The third pro is that there’s very little to no competition at all in this market.
It is a hidden niche. When’s the last time you heard somebody say that they invested in mobile homes? Probably not, right? So there is literally no competition in the field and it’s why I have become the mobile home millionaire. One of the cons to mobile home investing is actually sometimes it can take a lot of driving. A lot of mobile home parks sit outside of big metropolitan areas. So I would suggest that you Google your local mobile home parks and actually drive to the ones closest to you and make sure that you’re looking for those FSBOs, which is your for sale by owners. And the second con is that when mobile homes are attached to land, which means that their real property, this is the only time in which mobile homes are actually real property, when they are attached to land and you’ve rented it out to somebody. I’ve had situations where somebody is actually in the middle of the night, backed up their truck, hooked up that mobile home and hauled it off and taken it away. And so you always want to make sure that that mobile home is in a park. It’s why I prefer to work in park. So that situation and scenario never happens to you. And I hope this video helps you understand the pros and cons to mobile home investing.
If this information interests you at all, I would love to invite you to my free webinar about how to buy and sell mobile homes plus the three secrets that top real estate investors use to grow their profits, whether in a booming or a slave economy. If you find value in this video, don’t forget to like share, comment, and subscribe and we’ll see you on our next video.
After watching this video , click here to register for the upcoming webinar that I’m hosting about How To Buy & Sell Mobile Homes With Nothing Down… Whether You’re Just Starting Out Or Are A Seasonsed Expert!
You’ll also discover:
- Why Mobile Homes are little boxes that are easy to overlook… yet massively profitable!
How To Become A Real Estate Expert With NO Previous Real Estate Experience
I’ll Share Exactly How I Acquire 25-30 Mobile Homes Every Month with Nothing Out of Pocket