http://denver.craigslist.org/rfs/135798961.html
I found this on craigslist absolutely dirt cheap but I have never done a mobile home deal. Any comments or advice is appreciated.
This unit is in a park. This means that they do not own the land that it is on. This “trailer” has a title, but it is like the title that you have for your car.
You will have to find a specialized lender for the funds. As far as the investment opportunity…I would suggest that you follow your normal due dilligence routine. Good Luck!
Understood, for mobile homes is it generally only a good idea to invest in homes that have land owed as well?
Not necessarily, although a MH on land is preferred over one on a leased lot.
Search on Lonnie Scruggs–the mobile home guru and author of “Deals on Wheels.”
Jimbo