Welcome back,
As mobile home investors the more supply of local mobile homes the more opportunities you have to help sellers and make a profit by fast turning or holding mobile homes. I recommend having a 100 miles investing radius for finding and owning mobile home properties to everyone I help.
With that said it can be helpful for you to know how your state stacks up compared to others. Keep in mind that within every state there will be entire zip-codes, neighborhoods, and cities that will have many more mobile homes compared to other areas. These areas will be good places to farm for mobile home sellers.
Do you know the percentage of mobile homes and manufactured homes (out of all the housing units in existence) in your state?
See the graph below from 2004 (last year available) via Statemaster.com via the American Community Survey. In the below article the terms Mobile home and Manufactured home are used interchangeably.
As you can see mobile homes are spread out throughout the United States.
In areas with high amounts of mobile homes a mobile home investor can have a busier time investing compared to other areas with fewer mobile homes present. I have had the pleasure of mentoring motivated investors that travel 150 miles to routinely invest in inexpensive mobile homes.
In reality you can invest in every state. Different rules and laws apply to every state. If you have any questions email me at support@mobilehomeinvesting.net.
On the other side if you have only a few mobile home communities or mobile homes located around you then you will want to spend your time with multiple niches in real estate. Mobile homes can be the main course of your business or just another bullet in your investor’s tool-belt. The important thing is to get your first deal as quickly as you can – without sacrificing quality of course.
No matter your situation or region there are likely sellers and buyers to help this very day. Follow the advice and leadership of someone you trust to begin or continue your investing career.
It has almost been 6 great years since I begin writing my first real estate investing blog over at wordpress.org in 2007. Thank you to everyone who has helped make this site great with your comments, suggestions, questions, and support. In return I hope I have provided quality content and value (in your daily investing life) to you already in addition to much more to come in the near future.
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net
Related Manufactured Home Percentages Per State videos:
8 Comments
Tim Kelley
September 21, 2012Hi John,
I am a long time reader. Recently I have been considering investing in local mobile home deals. I live and will be investing in Louisiana and see opportunities all around me. I currently have been purchasing homes with conventional mortgages however this is not getting me where I want to go quickly enough.
Thank you for this chart. I has helped me make my decision to pursue mobile homes as investments.
Tim Kelley
John Fedro
September 22, 2012Hi Tim,
Glad to hear you’re ready to begin building your cash-flow with mobile homes. Thank you for being a longtime follower – that means more than you know. You are in a good area for this type of investing as you likely do have a lot of inventory around you. Email me directly after you sign up.
Best,
John
Chad
October 6, 2012Dope chart Jon! This is what I am talking about. NC raise up. Haha, cashing in locally in Charlotte. See you in Vegas. looking forward to it.
Chad Leevey
John Fedro
October 8, 2012Hi Chad,
See you there!
Talk soon,
John Fedro
Andriy Boychuk
December 29, 2014Helpful information. PA is only 4.6% but there are so many deals 🙂
John Fedro
January 3, 2015Hi Andriy,
I know right. The 4.6% number can be misleading as these homes are in almost every city with many local hot spots around the target investing radius around your home.
Thanks for commenting. Keep up the great work. SO glad to have you apart of the team.
Talk soon,
John Fedro
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