Posted by don r on December 07, 2006 at 11:54:43:
Tom, I’ve bought two frame houses and moved them on my property. No basements here, so wood frame houses move pretty easily. I had bought 30+ acres back in '94, and have the two rent houses on it now. I’m negotiating on another 3/1. Plan on up to 10 if possible.
As David said there are expenses to consider. My property has no water/sewer, so I’ve had to drill wells and put septic systems in. That can cost $10,000. to $15000. plus repairing damages from the move. One house cost me $11000. moved and set up, but after repairs, septic, water, etc. probably $35000 invested, or about $25. a foot. My rents here can run $400.-500 a month, so I use that as a guide on what I buy and spend.
If you don’t have property to set one, maybe birdog it to another investor in your area.