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Originally Posted by will76
I just bought my first one. Same theory. Paid a little more then what the land was worth and I got the trailer too. Not bad trailer. Rent from trailer will pay off loan in about 5 years. Plan on buying about 20 like this. Then in 5 years when they all paid off i will buy a couple acres, make a mobile home park, move them all to it, and build cheap houses on my now empty lots (which i owe nothing on) and i continue to make rentals 20x $600+ month with no more mortgages....
win win .... key is to buy trailers/lots in mixed areas where there are also houses. You dont want to build a house in the middle of the trailer park, but moving out a trailer and building a house in an area with other houses is great!
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For someone who isn't making money on the internet that sounds like a good plan, but for someone that pulls $40k easily online dealing with all those low income renters and properties seems like a major pain in the ass.