From the category archives:

Mobile Homes

Mobile Homes – Final Analysis

June 29, 2010

As I mentioned in my previous post, as of this week, we have sold off all of our mobile homes and mobile home notes…
I just wanted to take a few minutes to recap our results with our mobile home deals:
In all, we purchased 5 mobile homes over about 5 months. I had two partners, [...]

7 comments Read the full article →

Selling Our MH Notes

June 24, 2010

As I mentioned in my last mobile home update, we have two remaining homes that have been sold but that we’re still financing (MH #2 and MH #5). The notes are scheduled to be paid off early next year, and the buyers have been making all their payments on-schedule. It’s actually a great [...]

7 comments Read the full article →

MH Update for June

June 15, 2010

I haven’t done an update of our mobile home adventures in a few months, so thought I would take the time to review our progress…
The big news — if you haven’t already figured it out — is that we’ve decided to stop buying mobile homes at this point. While the return on investment was [...]

1 comment Read the full article →

Mobile Home Update

March 7, 2010

We’ve had a bunch of stuff going on with our mobile home investments over the past two months, but I haven’t had much time to write about our progress, issues, and current status…so here goes:
Mobile Home #1
Our very first mobile home purchase took a turn for the worse last month when our buyer (who we [...]

9 comments Read the full article →

MH #5: Bought & Sold

February 22, 2010

I’m a couple weeks behind on posting the details of some Mobile Home transactions, but wanted to get this one in here…
We purchased our fifth mobile home about 2 weeks ago. It was a private sale from a woman who was moving out, and she was only asking $500. We paid her full [...]

3 comments Read the full article →

Update for 1/29/2010

January 29, 2010

Very quick update on all the houses and other stuff going on…
House #1: The Corn House
According to the credit repair company we have them set up with, the lease-purchase tenants may be close to qualifying for an FHA loan. I don’t know if that’s actually the case, but we plan to have them [...]

3 comments Read the full article →

MH #4: Sold

January 5, 2010

I mentioned a week or two ago that we purchased Mobile Home #4…and as of today, it’s sold…
Basically, all we did in terms of rehab was to clean out all the trash, remove the disgusting refrigerator, and bring in someone to scrub the place down. In total, we spent $130.
One of my partners put [...]

8 comments Read the full article →

Update for 12/21/2009

December 21, 2009

I haven’t had a chance to post in a couple days because I’ve been out of town, so I thought I’d give a quick update on everything we have going on these days…
House #1: The Corn House
Nothing much new with The Corn House. The lease-purchase tenants are consistently paying their rent, and their [...]

4 comments Read the full article →

MH #3: Sold

December 15, 2009

We sold mobile home #3 today…
The home was in pretty good shape, so we choose not to do any work to it before trying to find a buyer. We put up a sign on the home and another in a central part of the park, and received about a half dozen calls in just [...]

10 comments Read the full article →

MH #4: Purchased

December 10, 2009

My partners and I just purchased our fourth mobile home in the past two months…
This one is a 3 bedroom, 2 bath double-wide in the same park as our first mobile home. It’s about 10 years old and in very good condition. It needs some patching on a small part of the roof, [...]

2 comments Read the full article →

← Previous Entries