Mobile homes would be similar to transportable homes here. Ours are the older models and are generally 14'x60' in size.Newer models are $100k+
The first one we paid $21k for our daughter. (3 bedroom)
The little one bedroom was 11K (1 bedroom)
The last one we bought was 10K ( 3 bedroom)
We pay $170 month each for them to stay in the mobile home park. This only includes cold water. No electricty. They do not permit small caravans or short term stays.
It is getting harder and harder to find a mobile home park that will permit these older mobiles. We can easily buy them for $5k but we have no where to move them to. We tried to buy land to set up our own park,but the regulations are too costly. We can buy single plots of land, and then add water and sewer etc, which we have considered.
Here's one, just a few mobiles from ours listed.
http://truro.kijiji.ca/c-ViewAdLargeImage?AdId=425084488 Notice they have a nice TV...instead of putting on a new roof
The "4 on the block" are grandfathered claused in. If one needs to be replaced, it can't be any larger than the original one. We aren't permitted to do this on another piece of land, the limit is 2 mobiles (I think)
In Canada, we are not permitted to have negative gearing, as a long term stategy. For us it is essential everything is CF+. If we have too many deductions, they are carried forward.
Capital Gains takes a lot longer in our area.
The ugly mobile on it's own land was $20k. We paid the owner $1k month, for 20 months at no interest.All the while we are renting it out for $750 month, with no maintenance or repairs. In 10 years, if tenant doesn't default, he will own the property. We will have made $60k+ profit.
If we do nothing, except pay off our current mortgages in the next 15-20 yrs, we will be collecting $25k a month- less rates,maintenace,insurance etc.That's when we hit official pension age.
If anyone bought 4 cheap mobiles in a mobile home park, paid them off, they could essentially quit work, assuming they are on a basic wage.
There are pictures of our properties on our website, if you are interested.
58E Dominion is where we live now...cozy
94 Peppard was our family home...we downsized a lot
www.dockreyapartments.com Just click on the boxes to see pics