mobile home portfolios

A guy talked to me today, he has been trying to sell some mobile homes and has a few mobile home portfolios he said…im relatively new at investing and didn’t want to sound like i didn’t know anything. Regardless he wants to sell these portfolios…is there anyone out there who would know some of what this guy is talking about. I told him that I would like to try and work with him and that i would get back to him. I would appreciate any piece of advice…thanks




(1) Read your messages

(2) Read the Forum Posting Rules

(3) Stop making marketing pitches about what your business does

(4) Stop making “contact me” posts

If you take these 3 steps and abide by the rules, I will stop deleting/modifying your posts…



I really wish I could voice my opinion, your post is something i will watch because i to am interested in mobile homes. There is a thread that comes to mind but i just can’t find it. You may want to search for it, i know it was somewhere in these forums.
There is also a book I heard someone talk about:
Hope this helps!

  • Jason

As far as mobile homes go, Lonnie Scruggs is THE Guru…


If you want a great site to talk mobile homes, notes, land contracts, and the ins and outs of mobile homes with or without land here is a link you need to visit.



It sounds like this guy may be trying to sell you a bundle of mobile homes (some rented, some vacant, etc…). Most likely, this does not come with the land. This means that your portfolio of mobile homes comes with a monthly lot rent that you must pay wheter or not you have tenants renting out the units. Without the land you are buying a business not real estate, so it is impossible to find traditional sources of financing for this product. I’m not saying that you could not pay cash and or find private/unconventional financing sources, but this would not be something I would recommend (higher rates). That being said, they are highly profitable if you can keep them rented. Cap rates on these portfolios normally exceed 20%. Hope that helps some.