If you were starting out in real estate investing today, which direction would you go? At Empowered Investor Network™, we believe that income properties are a great way to start, but another alternative to consider is a mobile home park. When we say mobile home, we mean either a traditional trailer or manufactured home.
The voracious demand for affordable housing and financing is likely to keep the demand rising into the future. Some people consider a mobile home park the closest thing you’ll find to a gold mine. So, should you buy every one you come across? Probably not. You’ve got to have some standards but here are reasons we think this is an excellent strategy.
With environmental paranoia running at a fever pitch, it’s getting harder to develop a new park. Think zoning, environmental issues, inspectors – then once you’re ready to throw the gates open, you start out with 100% vacancy.
The positive side of this is it makes existing mobile home parks that much more valuable. Why do we call it a gold mine? First of all, you’ve got an income producing asset already in place while local and national bureaucrats (through excessive regulation) are working tirelessly to prevent any competition to enter the area. Does it get any better than this? Not hardly but you still need to do your proper research. Don’t snap up the first deal to come along. Our expert counselors will be glad to talk to you about the kind of investing that really works. Please call 714-820-4200.
The Platinum Team
Flickr / petersbar
