Mobile Home Investor Success Stories [2024]
Looking for a lower-cost entry into real estate? Consider becoming a mobile home investor. Mobile home investing involves purchasing, renovating, and renting or flipping mobile homes within established parks or on owned land.
This business idea is appealing for several reasons. Mobile homes often have a lower purchase price and quicker renovation timeline compared to traditional properties. You can cater to a growing market of individuals seeking affordable housing solutions.
To succeed in this venture, you'll need a solid understanding of the local housing market, reliable contractors, and keen negotiation skills. Marketing your properties effectively will also be crucial.
However, careful consideration and due diligence in property selection and management are essential. By making smart investments, you can build a profitable portfolio while providing quality housing options.
In this list, you'll find real-world mobile home investor success stories and very profitable examples of starting a mobile home investor that makes money.
1. Adventures in Mobile Homes ($120K/year)
Rachel Hernandez, founder of Adventures in Mobile Homes, came up with the idea for her business after becoming burnt-out as a landlord and deciding to sell her real estate portfolio. She read a book on mobile home investing and was drawn to the idea of being the bank rather than a landlord. Her first sale was a 2 bedroom, 1 bath mobile home that she bought for $3,600 and sold for $10,000, receiving her initial investment back within the first year. Since then, Rachel has built a successful business with a steady stream of passive income and plans to expand by buying land and moving mobile homes onto it.
How much money it makes: $120K/year
How much did it cost to start: $3.6K
How many people on the team: 1
Adventures in Mobile Homes founder, Rachel Hernandez, shares her experience of mobile home investing which has led to around $500 cash flow per month for every deal she does and has allowed her to achieve $10,000 per month from the business.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.