Social Selling Made Simple The Opportunities in Mobile Home Flipping w/Byron Sellers and Sharnice Williams
Mobile homes are a lucrative business venture, but so few people in real estate know about it. Why are mobile homes such big business? What’s driving the growth in mobile home investment and ownership? How can you get started, even as a new investor? On this episode, I have an exciting conversation with two young real estate investors, Byron Sellers and Sharnice Williams, who are making waves in buying and flipping mobile homes.
Mobile home is recession-proof because there will always be a need for affordable housing. -Byron Sellers
3 Takeaways
- Mobile home flips are very simple: white paint, vinyl flooring, and white appliances.
- Illinois has 1,098 mobile home parks, Indiana has 1,300, and Springfield, Ohio is the mobile home capital of the world. There’s a lot of opportunity for mobile home investing in the Midwest.
- From as low as a 550 credit score and $1,000, you can get started. It’s a model that suits new investors.
We also discussed;
- Why we need to change our perceptions of mobile homes
- How rentals work with mobile home investing
Twenty-two million people in America live in mobile homes, and that number is set to grow because it’s such an attractive investment and residential opportunity. As the costs of living in the city continue to rise, more people are going to opt for the lower lot rentals and chance of ownership that traditional housing doesn’t offer. Ultimately, as an investor, you also get to be a part of building wonderful communities.