I agree with Rocky... MH's depreciate in value (like a car)... You can put upgrades in them but it would be like putting upgrades in a 1998 honda, at the end of the day, it's still a '98 honda and will only be worth so much... Also, you need to have a license to invest in mobile homes (more than 1 per year if I recall correctly) as well which makes this niche even that much less desirable IMO. Also, Parks are hard to work with. Many of them are not happy with investors being in their parks.
The above said, I do have a contact who buys MH's for his park so if you have any on land send them to Rocky, if you have them in parks please feel free to send them to me...
Brian R. Baker, MBA
brian@texashousingpartners.com
