RE: "Flipping Mobile Homes"
Posted: Mon Aug 13, 2007 5:22 am
Hi Pennyless
My definition of "flipping" is buying below market value and selling quickly.
Your project is what I call the "fix and flip".
I think there will always be a market for low cost housing. Some old farts (like me) get tired of paying fat mortgages and would rather use the money for other purposes. I call this "reverse snobbery".
In Florida when you tie-down a mobile home and hook up the utilities on property you own it becomes real property. This is not optional.
You do nice work. Good luck with the "fix and flip".
Harry
My definition of "flipping" is buying below market value and selling quickly.
Your project is what I call the "fix and flip".
I think there will always be a market for low cost housing. Some old farts (like me) get tired of paying fat mortgages and would rather use the money for other purposes. I call this "reverse snobbery".
In Florida when you tie-down a mobile home and hook up the utilities on property you own it becomes real property. This is not optional.
You do nice work. Good luck with the "fix and flip".
Harry