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Bought a Mobile Home....

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  1. #1
    t00nces2 started this thread.
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    Bought a Mobile Home....

    We took a chance and bought a mobile home for what I think is a song. Needs cosmetic work but I think it is decent shape. Newer AC. Has a couple little leaks around a couple windows. Little porch, big carport, a utility room with a washer and dryer. Floors seem solid. No stains in the ceiling. First try at flipping a home. I will try to update with pics and progress. Wish us luck.


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    Way to go T.


    Crazy thought, but air B&B's are a big thing this year here in Maine. I've never seen the likes of it before. Those darn things are making 1,000.00$ a week for their owners.

    The snowbirds will be late starting their annual migration but they won't hang around too long once deer season begins. (They can't abide all of the gunfire.)

    Might be a chance for you to pick up some of those tourist $$$$$ ?

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    t00nces2 started this thread.
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    Quote Originally Posted by hills View Post
    Way to go T.


    Crazy thought, but air B&B's are a big thing this year here in Maine. I've never seen the likes of it before. Those darn things are making 1,000.00$ a week for their owners.

    The snowbirds will be late starting their annual migration but they won't hang around too long once deer season begins. (They can't abide all of the gunfire.)

    Might be a chance for you to pick up some of those tourist $$$$$ ?
    The thing is anyone who rents has to be 55+ and has to be approved by the management and has to be there for at least three months. We will see. If I can get someone to cover the lot rent for a lease, I would consider renting, but I think a flip might be the better play. We'll see, but I am not sure I want to be a landlord.

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    Yeah, lots of terms & conditions there. Wouldn't be suitable for air B&B.

    The long term renters here are often problematic. I think that's why they went to seasonals & weekly rentals. Anyone that can afford to pony up 1000.00 ahead of time, for a week's stay, probably isn't going to trash the place.

    It would be easier to flip if it's unoccupied.

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    Quote Originally Posted by t00nces2 View Post
    The thing is anyone who rents has to be 55+ and has to be approved by the management and has to be there for at least three months. We will see. If I can get someone to cover the lot rent for a lease, I would consider renting, but I think a flip might be the better play. We'll see, but I am not sure I want to be a landlord.


    Ive never heard of "flipping" a trailer. I am not sure thats going to be a money maker, the people that can spend enough money for a "nicer" trailer would probably rather just spend that money on a house, rather than a trailer.... I could be wrong though, just my initial though. I would think renting it out would probably be better financially, but then again I wouldn't want to have to deal with tenants in your trailer AND have to deal with the lot people's rules and requirements..... Any way you can move the trailer onto your own land and rent it out there? Then theres no rules, lot rent, approvals, etc.

    I would think if you are flipping it it may make sense to move it to your own property too, so you aren't footing the bill for lot rent while redoing it.... but again.... Ive never done anything with mobile homes, just thinking out loud here.

    Either way, congrats, hope it works out for you.


    edit: Ive always thought of mobile homes as "disposable" and not something that really ever got fixed up. There is a place down the road from me that has used ones $5000-$20k all the time and Ive seen ones in real rough shape on craigslist for "free" if you haul away. I'll be interested to see how this pans out for you!
    Last edited by kss; 09-18-2020 at 08:00 AM.

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    Pics of course would be awesome.........Trailers/Mobile Homes are very popular in Florida as well as the south........If you got it real cheap could make a little $$$$

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    t00nces2 started this thread.
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    Quote Originally Posted by kss View Post
    Ive never heard of "flipping" a trailer. I am not sure thats going to be a money maker, the people that can spend enough money for a "nicer" trailer would probably rather just spend that money on a house, rather than a trailer.... I could be wrong though, just my initial though. I would think renting it out would probably be better financially, but then again I wouldn't want to have to deal with tenants in your trailer AND have to deal with the lot people's rules and requirements..... Any way you can move the trailer onto your own land and rent it out there? Then theres no rules, lot rent, approvals, etc.

    I would think if you are flipping it it may make sense to move it to your own property too, so you aren't footing the bill for lot rent while redoing it.... but again.... Ive never done anything with mobile homes, just thinking out loud here.

    Either way, congrats, hope it works out for you.


    edit: Ive always thought of mobile homes as "disposable" and not something that really ever got fixed up. There is a place down the road from me that has used ones $5000-$20k all the time and Ive seen ones in real rough shape on craigslist for "free" if you haul away. I'll be interested to see how this pans out for you!
    This is in a well run park that has been working for decades. Well kept and stable and in a desirable location. I think there is room to make some money. There may even be the possibility to rent. If I play my cards right, I will be done about the time season picks up.


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