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Originally Posted by chadglni
Thank you sir.  |
If you do actual houses you will get less rent per 100k.
Around here for example an average 2 bedroom house with small yard would cost you 250,000.00+ or so. (plus higher property taxes etc). You would be hard pressed to get much more than 800.00 a month for it, 1000.00 tops and we lack rentals in our area.
Now the average 2-3 bedroom mobile on its own property with small yard would cost you about 60,000.00 to 70,000.00 if it is non distressed when you get it. With these you can easily get 650.00 to 700.00 a month for them.
Mobiles themselves can also be depreciated come tax time, though the land is seperate. As long as you do not sell the mobile it is another advantage.
With one house: 9600.00 yr.
With one mobile: 7800.00 yr.
With same value in mobiles less 10k (240k): 31,200.00 yr.
Then with the 4 mobiles is is near impossible to have all four vacant for a month thus making it easier to cover the mortgages, unlike a house.