pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Manufactured Home = Factory built housing constructed on a steel frame to the National HUD code on or after June 15, 1976. Axles and wheels are attached to the frame for transport from the factory to...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Correct. Houses only tend to appreciate when there is a lack of available homes for sale.
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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A mobile home won't appreciate in value like a home will. If a home appreciates in value 100% over 10 years like the real estate market used to, a mobile home might appreciate 25%.
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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I heard with insurance, they treat the home as a "vechicle". The unit will depecriate over time and if destroyed by fire, earthquake etc. they give you the "blue book value" of the home.
Most...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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I've been seeing some of these selling for 20-30k with land. Most of them are less than 12 yrs old and outside the city limit so low taxes. From my understanding, it's hard to finance them so only...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Mobile homes will only depreciate in value
you buy the dealers mobile home on their land (you're buying their land), if you ever have to move for a job, it's almost impossible as they won't let...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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I agree that insurance might be an issue. Especially in places like Florida I shudder to think what a PITA getting mobile home insurance for anything like a decent price must be. Heck, or getting it...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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I'd base my decision in large part on the type of tenants that inhabit mobile homes in your area as well. When I lived in WV, there were a ton of middle class people living in trailers as it was...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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I cant argue that they wont depreciate but @ less than $30k how much lower can it go? If it is rentable for the next 15 yrs it seems like it would more than pay for itself. As long as it doesnt...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Very dependent on area and type of property.
A couple of situations:
A:
Mobile home park with the trailers 10'-20' apart all lined up, ie like trailer park boys style
Probably not the best...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Even then it is usually the location (i.e. land) that is appreciating, not so much the structure. If there is a super squeeze on construction labor or materials you might sxee hosues appreciate, but...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Finally, someone with a brain.
It is perfectly easy for someone with good credit to get a loan. They are not considered a "vehicle" like some idiot said before.
You can get a lot of square...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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You do not know the difference between a trailer a modular home or manufactured one. You should stick to investing in CD's.
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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Around here that's a major concern. It seems that there is a stigma that comes along with living in a trailer. They seem to attract meth makers.
Edit: If they ask if you can get them some...
pros & cons of buying and renting double wide trailor
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Thread created 07-19-2012 by niceperson77
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In general, houses don't appreciate; land does.
Houses only appreciate if you ignore inflation and/or upkeep expenses (aka depreciation), or if you are in a rapidly inflating bubble.
