Affordable Housing: Used Mobile Homes

October 2, 2008 at 4:00 pm 2 comments

Becoming a landlord is a great business idea. With so many foreclosed homes available on the market, buying a few acres of land near a local college and putting together a mobile home park to rent to college students sounds like a great investment.

College markets are always going to need affordable housing. Most double wide mobile homes have two bedrooms, a kitchen, a living area, and sometimes two bathrooms. With these accommodations, college students could have a roommate, cut their expenses, and have privacy with their own bedroom.

When you’re searching for used mobile home prices online, results will include manufactured homes. Don’t confuse the two. Another possible roadblock you might come across in trying to establish a mobile home park is that people have a negative association with them.

Some people out there are looking to sell their mobile homes. Make sure you analyze the cost of moving used mobile homes when you consider moving them to a different location. This can be costly.

Speaking with a local real estate agent could be the best option you have as a first step towards determining if a mobile home park is something you should invest in.

To get connected with a local real estate agent in your area, visit GetMyHomesValue.com. Type in your zip code in the box on the right, click submit, and fill out the information on the following page. GetMyHomesValue will then connect you with a local real estate agent to discuss your real estate needs.

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Entry filed under: Real Estate Appraisal, Real Estate Evaluation, Real Estate Investor. Tags: , , , , .

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