Investment Property Guide
Mobile Home Park Investing
Mobile Home Park Investing
Manufactured homes are considered to be not only practical and efficient, but the most affordable housing option on the market today. Increasingly, these “mobile homes” are becoming more and more luxurious creating a greater demand for mobile home park-living and investing.
Purchasing in the mobile home park market gives enormous opportunity to buy low, sell high and maintain profit for the duration.
Not only do you have the opportunity to sell each individual home in your park, but you can also increase your profits by collecting rent on the land in which the mobile home is situated. Since mortgage stipulations usually require that the home not be removed from the park until it is paid off, the rental component of your park can result in a guaranteed return.
Of course, increasing the value of your mobile home park is always essential to creating a higher rate of return this can be done by cleaning up and properly maintaining the property and insuring the least amount of vacancies possible. Because there is such a demand for mobile home park-living these days, vacancies are becoming few and far between.