ortgage interest rates to these families. Yet, because
are rising and single of the negative stigma associated
family homes are more with mobile home parks, city
expensive than ever. The American officials will generally do
dream is becoming more like a whatever it takes to prevent new
fantasy to most average hard park developments. Couple this
working Americans already fact with the significant cash
struggling to pay the rent. requirements to build a mobile
home park and you have a powerful
Additionally, what is going to discrepancy between demand and
happen to countless families that supply. Savvy real estate
recently purchased their first investors know this and are
home under those new adjustable already profiting from our
rate mortgage loans that take nation's lack of affordable
effect after a very short fixed housing.
rate period? These people are
going to have serious payment Still not sure if a mobile home
shock when they realize the park investment is a good idea?
effect that two percentage points Perhaps, this might change your
has on a long term, several mind. The king of Wall Street,
hundred thousand dollar mortgage. Warren Buffet recently invested
Foreclosure numbers are going to 1.7 billion of Berkshire
skyrocket in this country. A Hathaway's capital by purchasing
severely damaged credit score Clayton Homes Inc, one of the
rating will drive these people largest manufactured housing
back to the rental market or into companies in the world. This was
some type of "owner financed" after an unsuccessful bid to buy
property. a huge portfolio of delinquent
mobile home loans from Conseco
A mobile home offers a solution Inc.
accomplish this seemingly
Typically, when Warren jumps, impossible feat with every park
millions follow and bank on they purchase. These are
yearly 12% returns. However, this generally deemed "turnaround"
is a unique opportunity for mobile home parks, where the
investors to gain huge profits investor finds an owner that has
from Buffets financial wisdom in managed his/her park poorly over
the short term. The "Oracle of the years, either out of apathy
Omaha" as always been know for or ignorance. Once locking up the
buying value, buckling down for property (many times with the
the long haul and closing his previous owner carrying the
position decades later when he's mobile home park loan) this
squeezed every penny from each knowledgeable mobile home
respective stock. The beautiful investor makes the sweeping
thing about a mobile home park changes necessary to increase net
investment is that (provided you operating income.
know what you're doing) you don't
have to wait a decade to realize However, you don't have to buy a
triple digit returns on your poorly run park to realize
money. Every day, mobile home significant returns. Most of
park investors sell parks for mobile home parks are between 15
multiples of what they paid for and 30 acres. Historically, that
them a few years prior. Corey land becomes so valuable that
Donaldson, an experienced mobile over time those mobile homes are
home investor was recently able replaced by larger commercial,
to retire as he doubled his retail or residential
equity (1.2 million) with his developments. However, unlike
Texas mobile home park in just most land investments that are
one year. Similar investors considered sunken costs until
across the globe are able to someone sells or builds, mobile
home parks are producing large leasing the land to people as the
monthly cash flows as you rent value of your land appreciates.
the dirt the mobile homes sit on.
In other words, you can profit by
About the Author:
Steve Case is a professional mobile home investor. He has complied his extensive knowledge of mobile home parks into a detailed course in order to help other investors realize his level of success. Mobile Home Park Investment
Source: www.isnare.com
