For the past few months when searching for our monthly homes for sale we have noticed more and more mobile home land packages on realtor sites. So, we decided to dig a little deeper and see why these types of listings have become so popular. What we discovered is pretty interesting. Turns out there is a big market for these types of properties.
What is a Land Home Package
If you are considering investing in mobile homes and aren’t looking to invest in a park, then a mobile home placed on land is the logical option. These land home packages can come in two ways, either with the home attached to a permanent foundation on the land and known as real estate or as the home listed as personal property and the land being the real estate. Either way, these types of packages can be real moneymakers.
Why Are Investors Loving Them
Investors are seeking out mobile home land packages for several reasons. The top reason is the number of options that they have to make money from them.
- For instance, you can buy the mobile home and land together. Then RENT both the mobile home and land to a renter.
- Another option is to buy the mobile home and land together. Then SELL the mobile home and RENT the land forever.
- You can also buy a mobile home and land. SELL both for all-cash or bank financing.
- Also, adding more mobile homes to your land will give you options for buying or renting the homes.
Keep in mind, mobile home land packages don’t have to be only with new homes, you can also purchase used mobile homes already on land and remodel them and then use them to make money.
Related: 5 Issues You’ll Need to Consider When Buying a Pre-owned Mobile Home.
Take a Look at These
It’s not hard to find land home packages if you know what you are looking for. Sites like Realtor.com and Zillow are always full of options that include either new or used manufactured homes. Just be sure to do your research and make sure that you are getting a good deal.
The bottom line is, if you are looking to invest in mobile home land packages, you can be very successful if you take the time to do your homework and know what you are looking to accomplish. Whether you want to buy used manufactured homes on land, rehab them then sell them or rent them, or you want to purchase turn-key new homes and do the same, the options are endless.
As always, thank you for reading Mobile Home Living.