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Investing in a mobile home has many benefits. The type of benefits vary according to the type of investor, and what your expectations are. The benefit of equity is often not available, but other benefits can outweigh that factor. Here are some different ways to invest in a mobile home.

Owner Occupant Investor
Investing in a mobile home for a buyer who is going to be the owner occupant can be very appealing. A new mobile home looks very luxurious, with room layouts, and features in the home that can rival an expensive home. However, older mobile homes may be run down. Even if they have been updated, many times the rooms, and closets are very small.

Purchasing a mobile home should be considered in much the same way as purchasing an automobile. Depreciating value is the rule of thumb. You can have a good benefit if you keep the vehicle after the loan has been paid off. If you live in a mobile home after it has been paid off, it can be a good benefit for you. A lot of this depends on your home needs at that time, and the amount of money needed to be spent on upkeep. When getting a loan for a mobile home you may be tempted to have the loan stretched out for as long as you can. However, if you keep the number of years shorter, when it is paid off, it is advantageous to you.

Location is a big variable. The nicer the mobile home park, the more resale value your home can have. But, remember that you will have a monthly park rental fee. This fee will also go up throughout the time the home is in the park. Be sure to check out what is paid for with the fee. Having your mobile home on your own land is an option that many desire. Again, location is important. If the home has deteriorated over the years, the value of the land is all you are likely to get from a sale. Of course if that land is now in high demand, that can be a plus.
Another factor to consider is the mobility. Mobile homes can be moved. However, moving a mobile home often doesn't make economic sense because of the high costs associated with moving the home, and setting it on a new lot.

In my experience, most of the time the owner of a mobile home that wants to move on to some other location to live, whether in the same locality, or out of the area, will have to sell the home for only the amount that is owed. Unless the home has been extensively updated, or is in an extremely good location, you will not bring in equity, because of the depreciation of the home.

Mobile Home Investor
There is also, another side

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