How to Find a Used Mobile Home

Mobile Homes Are the Gold Mines of the 21st century, mainly because most people don't look to a used mobile home first when examining sound investments. Mobile homes have been touted as the most practical and affordable housing ever created with buying demand that remains high in up and down economic markets, and sell is a conversation in and of itself. There are reports from anywhere from a 30% to 100% return YEARLY. The primary concepts are simple: buying low to selling high, carrying a note on the mobile home, and renting the land once the mobile once you the investor carries the note.

According to the Census 2000 Supplementary Surveys between 1990 to 2000, there were 9 million mobile homes in the US. This number has exponentially grown given the housing boom and subsequent bust. Mobile homes are recession proof in that people will always need cheap housing because of low income or falling upon bad times.

Instructions

1. Check classified ads near large mobile home communities. For those interested in owning mobile homes as an investment property look in areas which boast large mobile communities, those include South Carolina. Used mobile homes can run as cheap as $1000.00 and go as high as $200,000 or more. It all depends on what you are looking for in a cheap used mobile home.

2. Check REO's from banks in towns with a large community of mobile homes. Even better are maybe local towns which have high unemployment rates. It's not uncommon for those banks to have a huge list of cheap used mobile homes foreclosures or REOs. You will most likely be referred to the bank's real estate broker-find out how long the property has been listed and depending upon how motivated the bank is to sell-you will most likely be able to get a good deal. As always depending on how motivated the bank is, adjust your offer accordingly.

3. Check mobile home park financing companies, sometimes they have an inside on cheap mobile homes in nearby parks. If your vision is to ultimately to own a mobile home park-perhaps the mobile home park financing companies could give you an inside scoop on cheap mobile home properties.

4. Ride around in local parks-you may see for sale signs on properties that the owner is trying to sell.