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Buy a mobile home with cash to rent

Posted on: 27th Sep, 2013 12:28 am
I want to buy a mobile home with cash and then I plan to rent it out in a trailer park. Is this possible? And when I rent the property, I assume the tenants will have to pass through a background check, isn't it?
Hi Doddy,

Yes, you can definitely buy a mobile home with cash and rent it out to someone else. You can definitely check out the background of your tenants before renting them the property.

Thanks,

Jerry
Posted on: 27th Sep, 2013 02:15 am
Hi Doddy,

You can contact a property management company and they may help you in checking the background of the tenants.

Thanks
Posted on: 29th Sep, 2013 10:42 pm
Yes, you can definitely do that, as long as buying the home in cash does not put you in a bad spot, financially. Buying with cash and then renting is a good idea because you have no debts or payments on the house and can then rent it for what you want or what the market will support. Before renting, I would check: credit score, payment history, and do a background check on any potential renters. This article: http://www.dailycreditmonitoring.com/who-can-access-a-credit-report/ has some good tips on how you can get those reports.
Posted on: 14th Oct, 2013 05:33 am
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