Bang for buck on rental, Double wide or stick built

[annerk]

Originally Posted by DMenscha

If you can find a lender that will finance this kind of property for under 9% let us know.

Exactly.

[HappyTexan]

Originally Posted by marmac

I disagree with mobile homes ( especially double wides) depreciating that much.

That line of thinking is true if you run an ad and state the double wide is for sake and must be moved off the properrty. If the property is kept neat and sold as a house and land, you'll be ok.

For posters that state I'm wrong, I have looked at many houses ( stick built and double wide) and I rarely find a 10 year old double wide on land at a price lower than I could buy land, install a sceptic and driveway, and have a new double wide moved in .

Many people bought a parcel of land 10 years ago, bought a new double wide, kept the property neat and landscaped, and sold it for way more than their total initial investment.

Yes, if they would have tried to sell the double wide and said in their ad---------" must be moved off premises"------they would have lost money.

I agree. I'm looking for some country property. With utilities in place, an old dbl wide means nothing as you can move it. To someone buying the land under it means electric, phone, water are all in place, which to me, means somewhat "improved".

[beachmouse]

One option- go with a small stick built and have it built with elderly/handicapped accessability in mind. Granted it's kind of a niche market now, but I can see there being a certain population of people in coming years who want to have a 'granny cottage' out back so that they can have elderly parents close by so family members can take care of them while still giving both parents and kids/grandkids a certain amount of privacy.

Also gives the buyers a place to stay while they're building a bigger main house and developing the family compound.