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Buying a Mobile Home in Florida? 5 Tips for Savvy Investors

Not typically considered for real estate portfolios, mobile homes provide a less competitive vehicle for investment diversification into specific market sectors. At the same time, the returns on investment properties or resales are lower, so too are the initial investments. Therefore, if you’re buying a mobile home in Florida, you will want to pay close attention to these five tips for savvy investors.

Return On Investment

Our first tip for savvy investors buying a mobile home in Florida is to calculate the return on your investment ROI, which will tell you if your numbers add up. Real estate all boils down to a numbers game, so you must consider many factors, including current Florida rental rates. The bottom line is that you are investing in making a profit, so you need to buy a mobile home in Florida at a price that allows you enough profit margin. You can be confident a direct buyer from Florida Investor Deals will calculate all significant numbers to ensure your deal is a winner.

Leasing the Land

Buying a mobile home in Florida in a park makes the perfect first investment because the overall upfront cost is naturally lower without purchasing the land. In addition, you can pass any fees included in the lot rent for utilities or other services, along with property taxes, on to your tenants. Your investment plan could consist of buying one mobile home and building this section of your real estate portfolio over time, increasing your holdings and monthly cash flow, which is another excellent tip for savvy mobile home investors in Florida. A direct buyer from Florida Investor Deals will help you find the best mobile homes available within your budget for investment in Florida.

Owning the Land

For investors ready for the next level, buying a mobile home in an existing Florida park or purchasing the land to build one is another tip for savvy mobile home investors. The primary benefit of owning land is the equity built over time while earning a profit with relatively easy park management. Again, Florida Investor Deals brings you an entire team of professionals from every walk of the real estate industry to help bring your vision to reality. 

Maintenance

Savvy mobile home investors in Florida should also know that maintenance costs are reasonably low when buying a mobile home. Quite simply, mobile homes are easier to access for repairs in general. In addition, if you own the entire park, the maintenance of the units will be the responsibility of each lot owner, leaving you with the care of the grounds, utilities functioning and any amenities offered in the park as your responsibilities. A direct buyer like those at Florida Investor Deals can call in their team from all construction industries, ready to jump into action inspect any existing mobile homes or the systems in an existing park before you buy.

Tenants

Last but not least, our final tip for savvy mobile home investors in Florida buying a mobile home, tenants in mobile homes tend to remain in place longer. Even within the mobile home sector, you can diversify among family parks and those with more steady income bases, such as retirement communities. Working with Florida Investor Deals as your team means we can even take on as much of the management role as you like. Our goal at Florida Investor Deals is for your investment dreams to come true.

Buying a mobile home in Florida is a great way to increase current cash flow, build your portfolio and add to your passive income in retirement. Working with the experienced professionals at Florida Investor Deals can make the process simple and easy. Call Florida Investor Deals at (954) 280-5883 or send us a message to learn more about how we can help you.

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    DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. The sale of these Properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement
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