Re: Looking to start. - Landlord Forum thread

Re: Looking to start. by Gail K (Georgia) on November 7, 2009 @08:23

I do not own any mobile homes but on other landlord sites, many landlords have consistently written that mobile homes provide them with their best return; minimal initial investment (often under $20,000) with a good rental rate return.

Gail

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Re: Looking to start. by Anonymous on November 7, 2009 @10:31

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It is hard to make money on any rental property because you have to pay mortgage interest and taxes plus putting rent money back into the unit to constantly rebuild it. You must also purchase a piece of land to put the mobile home on that will likewise incur mortgage payments, interest and taxes. I am always suspicious of people who claim to be making a living on rental property. I do not think they are counting all of their cost which includes depreciation.

Re: Looking to start. by Anonymnous on November 7, 2009 @12:24	[ Reply ]
What many landlords tout as "a good return" is actually the harvest of unremediated depreciation in the form of neglected upkeep in things both large and small. Many eventually drift to sec.8 landlords.

Re: Looking to start. by Anonymous on November 7, 2009 @16:27	[ Reply ]
I find it hard to believe that there is "no money" in renting. If there was no money, no one would do it. Its not something that makes you hop up and down from enjoyment haha.

Re: Looking to start.