You might not have considered investing in mobile homes before, but given the current state of urban development, it could be a profitable investment in 2022.
You can get a jump start in the real estate market by investing in low-priced, high-demand units or even mobile home parks while the savviest experts focus on single-family homes.
Since the 2000s market crisis, the market has become incredibly difficult.
Initially, the crash provided investors with an opportunity to acquire houses at bargain prices.
However, times change, and so does the real estate market.
To capitalize on the collapsed market, you must be original and creative.
Mobile Homes Investing is a course that teaches you about real estate investing.
If you’ve read my other articles on real estate investing, you’ll know there are 3 primary ways to invest:
Wholesaling, buy-and-hold, and flipping.
While each has pros and cons, there is a ton of potential for success investing in real estate.
Real estate has created some of the largest fortunes in world history.
That being said, you should take some time to seriously think about something:
Is now the best time for YOU to get into real estate investing?
Because despite the potential upside, investing in properties or land takes a lot of capital, and is very labor intensive.
That means if you:
- Have less than 3 hours per day, OR
- Aren’t sitting on $20K+ in disposable income
This may not be the best time for you to start investing in physical real estate.
Don’t get me wrong, real estate investing can be an amazing way to protect your assets while generating cash – but there’s a time and a place for it.
But there’s good news!
All you need is a system to generate the cash (& free time) you need to be ready for real estate investing.
My preferred method of getting there is by becoming a Digital Landlord
It takes the benefits of real estate investing, but removes many of the barriers (& annoyances), like:
- Small cash flow on properties
- Having to take out debt
- Dealing with repairs and upkeep
- Dealing with tenants
The cool part is that the income is mostly recurring (AKA semi-passive).
You could make anywhere from $2,000-$10,000+ per month doing it.
You can build it as big (or small) as you feel like, without the annoyances I listed above.
If that sounds interesting, you might want to think about becoming a Digital Landlord.
Then, you can take the profits and start investing in physical real estate a year or two from now.
If you wanna see what Mobile Homes Investing looks like on the inside, keep reading.
Is Mobile Home Investing The Best Option For You?
This review will go over mobile home investing to see if it’s the best real estate course out there.
You’ll learn whether real estate is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding mobile home investing and real estate.
Most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off real estate for good because it uses some of the same skills but in a much more powerful and profitable way!
What Are Mobile Homes?
A manufactured home is a structure built in a factory and then brought to the home site. It’s also called a trailer home, residential caravan, mobile home, or house trailer.
Mobile homes are good investments since they can be used as either primary or vacation homes and are regularly sold or rented out.
Investing in mobile homes is even more enticing because these kinds of housing may be moved if necessary.
Manufactured homes have a similar historical origin to travel trailers, but the modern mobile home much outperforms its cousin in terms of style, safety, and quality.
Real Estate Investing: Is Buying A Mobile Home A Good Investment?
If you’re wondering if buying mobile houses for investment is wise, yes, manufactured homes investing is a good investment.
That being said, whether or not it’s a good investment for your personal property will be determined by varying factors, including, but not limited to:
- The amount you’re paying for rent.
- Do you want a used or new home?
- Do you intend to borrow money to purchase a mobile home? If so, what financing options do you have?
- Your financial goals for the long run.
- The price of space in your neighborhood.
What Are The Advantages Of Investing In Mobile Homes?
There Are Several Reasons Why Real Estate Investors Should Switch To Mobile Homes:
A mobile home is a surprisingly affordable purchase. A manufactured home will undoubtedly be less expensive than a regular house, whether you choose to buy or rent one. Compared to renting an apartment, this is much more affordable.
The materials used to build manufactured home units are cheaper since they are mass-produced in factories.
More Luxurious Alternatives Are Available Now
There are certain fancy fixtures and fittings that can be added to a mobile home, such as granite worktops, hardwood floors, and eye-catching fixtures.
Mobile home purchases can often be luxurious. If you purchase a manufactured home with some of these luxury features, you might be able to charge a higher rent for it.
Lower Repair And Maintenance Costs
A major selling point for mobile homes is the low cost of ownership and maintenance.
A manufactured home typically costs less to fix than any traditional house that you can think of.
The HUD Code from the US Department of Housing and Urban Development ensures that mobile homes are safe and secure places to live.
These mobile homes eliminate the concern of whether a property is in an area prone to storms, hurricanes, or other natural disasters. This is because every mobile home is particularly designed to withstand the threats posed by the weather in its specified location.
Demand Is High
Population growth is occurring worldwide, consequently with buying a mobile home.
This means a greater need for housing and affordable mobile home.
Tenant Turnover Is Lower
Mobile homes have a lower turnover rate than other types of homes, such as stick-built homes, apartments, modular homes, multi-family, and single-family homes.
This is primarily because they’re far more affordable than most other housing options as well as being less expensive to maintain.
There Is Less Competition
Not many people have invested in mobile homes. If you decide to invest in a manufactured home and turn it into an income-generating asset, you will have less competition.
What Are The Disadvantages Of Investing In Mobile Homes?
Though mobile houses have numerous advantages, there are certain disadvantages to investing in them.
It’s up to you to understand these drawbacks and find solutions to mitigate them.
Let’s Go Over Some Of The Disadvantages:
Many people have claimed to be discriminated against because they live in mobile homes.
The majority of the middle-class population view manufactured homes as economic alternatives for the lower class, and others believe that these housing units are dangerous.
Depreciation Occurs Quickly
Mobile houses depreciate faster than traditional houses.
While this is advantageous for tax purposes, it’s disadvantageous in terms of resale value.
The Necessity Of Land
A piece of real estate land is required to set up a mobile home. You’ll need to either buy or need a rented lot on which to build.
You may also be able to find a home to buy from a mobile home park, in which case the home setup will already be taken care of for you.
A Lack Of Financial Options
As a potential investor, you may discover that you prefer to build mobile home pads rather than traditional houses.
The bad news is that most traditional lenders will not lend to you for manufactured housing. This is because mobile homes are considered personal property unless purchased alongside the land on which they sit.
Things To Consider When Purchasing A Mobile Home
To Find A Successful And Profitable Investment, Follow The Recommendations Below:
Learn About The Different Types Of Mobile Homes.
The primary distinction is in size, with single-wide dwellings around half the size of double-wide apartments.
It could be a good idea to visit and talk to a mobile home park owner or two. A visit to a mobile home park will provide you with a unique viewpoint on these diverse layouts, and many mobile home parks have a variety of homes to choose from.
Look At Local Supply Options On Private Land And Mobile Home Parks
Generally, the more mobile homes on private land and mobile home parks there are in the market where you work, the better your prospects of investing success.
The more mobile home parks you have nearby, the better. There are probably more parks and mobile home communities surrounding you than you realize.
Every mobile home is a unique property. Every mobile home seller and buyer is in a different scenario. With mobile home sellers, there are no cookie-cutter approaches to make. It’s best to fully comprehend what you are putting an offer on, who you’re collaborating with, and the processes required to move forward to produce a win-win transaction securely.
Decide Between A Second-Hand Or Brand-New Mobile Home.
Between a second-hand and brand-new home, which would be the better fit for you?
You should be able to answer this question easily. It would help if you realized that both solutions have advantages and disadvantages.
If you decide to buy a new mobile home, do your homework on the various manufacturers and dealers. It would help if you could talk to some mobile homeowners as well.
If you decide to buy a second-hand mobile home, try working with a local agent to find the best options.
Check Out The Amenities.
Whether you’re buying new or used mobile homes, it’s important to consider the various features that manufactured homes provide that add to their resale value.
Aside from stainless steel appliances and granite countertops, there are a few other things to think about: built-in water shutoff valves, vinyl siding, insulation, single-pitch and pitched roofing, and flooring made of wood.
Renting Mobile Homes: Is It A Good Investment?
The Pros Of Renting Mobile Homes
- Low Entry Barrier
- One of the most appealing aspects of renting mobile homes is their low cost. However, investors can often find used mobile homes for under $10,000, which is way less than a brand-new home. Some folks will sell their mobile house for less than $1,000 to avoid paying lot rent.
The inexpensive cost of a mobile house allows people to begin investing in commercial real estate. Mobile homes can be bought for under $5,000 with some legwork.
- Higher ROI
- Low initial investment means great potential ROI.
A $2,000 mobile house with a monthly profit of $100 after lot rent and expenses is a 60% return.
The Cons Of Renting Mobile Homes
A rented lot requires lot rent whether or not one has a renter. Lot rent normally makes up the majority of the rent payment when renting a mobile home in a park. A month’s lot rent may be as much as two months’ rental income for a mobile home rental property.
Can You Really Make Money In Mobile Home Renting?
Yes, you can!
There’s a lot that comes along with mobile homes that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with real estate, but if you’re gonna put in the amount of grueling work to do this business (which, trust me, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money really does become second nature.
Are There Alternatives To Investing In Mobile Homes?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
Is Mobile Home Investing A Scam?
So, time for the $1,000,000 question – is Mobile Homes Investing a scam?
No, not technically. You can 100% make money with this program, though it’s not nearly as simple as they make it seem.
As with most businesses, there is A LOT of work to be done upfront & no guarantee of you being successful.
Not to mention the profit margins are typically pretty small.
Don’t get me wrong, I’m a big proponent of front-loading work now, so you can reap the rewards later.
But if I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike physical real estate, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.
That being said, my #1 recommendation for making real money online as a beginner is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Real estate investing is a FULL-TIME JOB. If you stop finding deals, your money dries up.
Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.
If you miss a single payment, the property can be taken from you.
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets, and owning A LOT of them.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with real estate investing, you would need twice as many properties, or double your profit margins on each property. And I can guarantee you , that’s a lot harder than a few clicks & a phone call.
Make Money Helping Real People: When you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other opportunities like Mobile Home Investing, which might make you money.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.