Archive for July 10th, 2010
How To Make 10% To 20% On Your Money With Simple Mobile Home Investments
When you hear the words “mobile home”, what do you immediately think? Hillbillies with rebel flags in their windows? The show COPS? Sure, that’s the stereotype, but the truth is that a large number of Americans- about 20 million of them- live in mobile homes. And the demographic make-up of this group is not much different from normal residential subdivisions and apartment complexes.
Another little-known fact about mobile homes is that you can make excellent returns by investing in them- with amounts as low as $5,000 to $10,000. Returns in the neighborhood of a steady 10% to 20% per year. Compare that to your current successes in the stock market and the rate on CDs at your neighborhood bank and you’ll see that those type of year-over-year returns are really pretty extraordinary.
So how do you invest in mobile homes?
Get an understanding of the product.
Mobile homes are not constructed like the type of traditional “stick-built” housing that you are more familiar with. For example, a mobile home has no load-bearing interior walls. A mobile home is like a shoebox- only the exterior walls are load bearing. In addition, the utilities normally follow certain “troughs” that grant for simple access. You can find some cut-away drawings of mobile homes on the world wide web and you will be shocked at their simplicity. This simplicity, however, pays huge dividends when it comes to fixes and remodeling. Unlike traditional home construction, a mobile home grants for an amateur to do a perfectly fine job.