Top Adding - Real Estate

If you are in the right areas, there are big profits to be made with modular homes. The downside? You may need a lot of cash for these deals.

Modular homes are not just a step up from mobile homes. The

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

new ones are usually built to higher standards than many regular stick-built houses. They have six-inch walls and lots of insulation. Once they are on a foundation, they often qualify for regular home fi

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ancing, as opposed to mobiles, which you'll always pay a higher interest rate on.

However, they are cheaper than a regular wood-framed home. This makes them a good choice for many home buyers, but what

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

bout investors? It depends how you use them. If they are already attached to a lot, you can just treat them like any residential property - as long as they are truly modular homes, and not classified as

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

double-wide mobile homes. The latter are harder to finance, and you'll pay higher interest.

Perhaps the most profitable strategy, though, is to start with land and put a modular on it. In many areas, a

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

odular home on an acre of land might sell for $140,000, and yet the cost of the land and the necessary improvements plus the modular may be under $100,000. There is a great opportunity in those areas whe

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

e this is true.

Modular Home Investing - An Example

Suppose you have been watching sales of homes around the edge of the city where you live. Every now and then you see a modular sell, usually o

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

n an acre or two of land, because many subdivisions won't allow them. They seem to be consistently selling for around $135,000 or so if they have at least three bedrooms and two baths.

There are several

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

suitable pieces of property in the area selling for $29,000 to $35,000. You can buy a 3-bedroom, 2-bath modular new for $64,000. The modular salesman tells you what you need to do to prepare a lot. Now y

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

u need to investigate the other costs.

The well drilling company that has been most active in the area says the wells are shallow in the area where two of the properties are. They can put in a well and

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ump for $3,800. The soils is sandy, so you can get a septic system installed for just $4,700. A power pole will cost $1,500, an asphalt driveway $2,800, and the foundation $3,200. Setting up the home and

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

making the hook-ups is included in the purchase price. Closing costs and two months of holding costs will run about $3,000.

You decide that you are interested in the most expensive lot, the one that is

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

$35,000. It has the nicest location, and it is in the area where it is cheaper to have a well put it.

Adding up all the costs, you arrive at a figure of $118,000. You think you can get more for the prop

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rty, but you make a safe projection of $132,000. You realize that after $8,000 in commission and other closing costs, you would be left with a profit of only $6,000. That is not very motivating.

However

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

, you have other plans. You have enough cash to start the project, and a home equity line of credit to finish it without getting a a new mortgage. You make an offer on the property of $32,000 which is ac

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

epted. Then you arrange for the well, septic system, and power pole to be installed. While this is going on, you start shopping for a repossessed modular.

You've seen them advertised in the paper for as

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

little as $30,000. You let some dealers know you are interested in a "repo," and a month later you get a call. A dealer has an almost new 3-bedroom, 2-bath modular that he will sell for $49,000. You agre

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

e.

You are spending $15,000 less on the home as originally projected, and you bought the lot for $3,000 less as well. You do $2,000 in landscaping that you didn't include in your original figures. You h

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ve an extra $1,000 in holding costs because it took longer than originally projected to complete the project, and the other costs are $2,000 higher than anticipated.

The good news is that because you di

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

the landscaping and paid for the better lot, the home sells for $138,000. Your total costs were just $113,000. Your total profit is $25,000. That is enough to make investing in modular homes interesting

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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