All Topics / Help Needed! / Relocatable homes

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  • Profile photo of sdaintysdainty
    Member
    @sdainty
    Join Date: 2008
    Post Count: 3
    October 20, 2008 - 4:16 am

    I was wanting to hear from anyone who has invested in relocatable homes.
    I have found such a place in a nice area and with the fees from the park it still is CF+.
    It has a solid tenant, willing to stay until he dies.
    What do you all think about relocatables in caravan parks. is there any shortfall I should think of?
    shaz

    Profile photo of v8ghiav8ghia
    Member
    @v8ghia
    Join Date: 2005
    Post Count: 871
    October 20, 2008 - 9:16 am

    Hi Sdainty – and welcome to the forum.
    main shortfalls are as follows.

    1) You will not be able to get finance for this type of property. In other words, you will have to buy with your savings/own funds

    2) Other than the odd exception, capital growth is little if any other than very long term, so you would need to make sure you had plenty of positive cashflow coming in, as that would be the only real benefit of this type of property – besides holidaying it it yourslef and enjoying the lifestyle.

    All the best.

    Profile photo of sdaintysdainty
    Member
    @sdainty
    Join Date: 2008
    Post Count: 3
    October 20, 2008 - 10:19 am

    thanks for commenting. I didnt know i couldnt get finance for itm although I knew growth wasnt as good. I want CF+ so my husband can quit working nights.

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