Do mobile homes grow in value like a house? This is if all other things being equal and in a growing market.

Your creating notes/paper. The name Lonnie scruggs is all you need.

www.notetools.com

In my area, mobile homes do not increase in value.They are still considered chattel, and have a title like a car. In some states, agents cannot sell them unless they are attached to land.

Great thanks

I wish that it were like that here. Many people have invested a lot of money in mobile homes and are losing their shirt. I have sold a few, with land, and it has almost always been at a loss. Also, it is difficult to get loans on a mobile home, even if on land. They have to have a permanent foundation (block), and many don't. We still have an outdated stigma attached to them. Most areas are zoned or restricted against them.

Come on you guys.. Mobile home NOTE investing can bring you 100% return on your money. Your not getting the jist of finance. What it is -is your creating your own notes through mobile homes not investing IN mobiles...just the paper

No, they do not grow in value like a house and never have.

Mobile homes grow in value more like a car; once you take title and drive/tow it off the lot the value goes down.

One exception could be a mobile home on valuable piece of land but the land would supply most of the value. You may have to buy the whole package to get the land but one good thing about moblie homes is that they're....................well, mobile.

Mobile homes can however be good investments if you buy primarily resale mobile homes from private owners at a deep discount and then resell them.

You can also make money buying repossessed or run down mobile homes and rehabbing them. It's possible to put a run down mobile home in showroom condition for at most, a couple of thousand dollars. Rehabbing a mobile home is sort of like detailing a car for resale.

One very successful mobile home investor is a guy named Lonnie Scruggs who has authored a book titled: "Deals on Wheels". A must read for anyone wanting to get into 'real estate' (sort of) investing on the cheap and make some pretty good money.

http://www.creonline.com/catalog/b-103.html

$29.95. I have a copy and have done a few "Lonnie" deals which have all turned out great. [/QB][/QUOTE]

Do you have any personal experience with this?

ROFLMAO