Mobile Homes as Investment Properties

In today's market more people are turning to Mobile Homes as investment properties for rentals, Why? There are several reasons for this, the main reason is the low cost to acquire these properties. If you have land that you can place the home you can get homes for under $10,000. With rental rates going up even a renter at $450.00 per month can give you a return on your investment of over 40%. Buying Mobile Homes on their own land can be done starting under $20,000 keeping your return on investment very high again. Another reason is you can afford to rent them for less dollars which in turn gives you more prospects to rent to.The negative thoughts are, Mobile Homes depreciate in value. True that is why the lower the price the better the investment and they can always be re sold usually at a profit. Agents usually stay clear of Mobile Homes so dealing with the owner can be more difficult. Be sure all paperwork is reviewed by an expert, you can call an agent and hopefully they will be happy to help.