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Manufactured homes an investment?
Posted: Thu May 24, 2001 1:02 pm
by JWILL
I have been looking at buying a manufacture and putting it on my own property. But I have also been looking at buying and building a kit home. The complete kit with land permits and everything would be comparable to a manufacture installed, about $75000, but but I could turn around and sell the kit home for easilly $110K. What kind of turn around would the manufacture have on a permanent foundation?
RE: Manufactured homes an investment?
Posted: Tue May 29, 2001 5:51 am
by Ron
In my opinion, you should have very little difference, if any, in price on reselling the manufactured home on a permanent foundation. It will depend on the area of the country you live in and how common MH's are in your area.
Ron
RE: Manufactured homes an investment?
Posted: Wed May 30, 2001 9:33 am
by J. A.
You might wanna check that out a little further.
RE: Manufactured homes an investment?
Posted: Sun Jun 17, 2001 3:36 pm
by MRM
Are you saying the mobile home will sell for the same similar stick built home ? What would you base this on?
RE: Manufactured homes an investment?
Posted: Wed Jun 20, 2001 4:44 pm
by Sandy
I've spoken with 2 real estate agents who said that it's hard to find a financial institution that will write a mortgage on a used manufactured home, even if it's on its own land. For some reason, you can find financing for a brand new m.h., but nobody wants to lend money on a used one.