3 Types of Mobile Home Parks & How Each Tends to Work with InvestorsMobile home parks are a business. They are owned by a person, trust, corporation, or other entity for the purpose of generating revenue and profits for all investors and owners. In my last article Mobile Home Parks Know They Hold All The Cards we discuss that if you intend to purchase and resell a mobile home inside a pre-existing mobile home park then you had better understand that park-managers and park-owners are your … [Read more...]
3 Types of Mobile Home Parks & How Each Tends to Work with Investors
July 11, 2012 By Leave a Comment
Mobile Home Parks Know They Hold Most The Cards [Part 1 of 2]
July 1, 2012 By Leave a Comment
Mobile Home Parks Know They Hold Most The Cards [Part 1 of 2]This is a Public Service Announcement for anyone considering investing in a lucrative mobile home deal located inside a mobile home park. If you haven’t already heard that mobile homes are cash-cows then consider this your wake-up call.Mobile homes are categorized in two distinct ways:Those within pre-existing mobile home parksThose located on private land.The big difference between the two is if the mobile home owner owns the land … [Read more...]
First Real Estate Deal Emotions: Part 1 of 2
May 30, 2012 By Leave a Comment
First Real Estate Deal Emotions: Part 1 of 2After I had successfully purchased my first mobile home inside a mobile home park I went back to my house, sat down with my girlfriend, and began balling-my-eyes-out crying. I did not know it at the time but the reason for my UNHAPPY mood was a completely necessary part of investing since I planned to make real estate investing my career.Let me paint the setting for you. It was early 2002, I had less than $500 in my savings and no real-world investing … [Read more...]
Common Ways to Heat and Cool a Mobile Home
May 17, 2012 By Leave a Comment
Common Ways to Heat and Cool a Mobile HomeMobile homes and manufactured homes utilizes many of the same features and mechanical systems when it comes to heating and cooling a home’s interior. Below is a list of the most popular heating and cooling systems used in many mobile homes today.Split-Unit Central Air Conditioning:Around the time I was ten years old, my family upgraded from window air conditioning units (see below) to the now common place Split-Unit Central Air conditioning units that … [Read more...]
The 3 Types of Mobile Home Sellers (Inside Parks)
May 4, 2012 By Leave a Comment
The 3 Types of Mobile Home Sellers (Inside Parks)My real estate investing business changed forever when I began to see my sellers for what they really are; fragile, scared, vulnerable, friendly, and selfish human beings. As young children we rarely look to our parents with the attitude that these people are just as screwed up as ourselves. Perhaps a better way to phrase this would be to step outside the relationship that we typically have with mobile home and traditional real estate sellers, and … [Read more...]
Reduce Your Mobile Home Vacancy Rate
April 19, 2012 By Leave a Comment
Reduce Your Mobile Home Vacancy RateHaving a vacancy in your investment mobile home is an inevitable part of the mobile home investing business if you will be renting or selling (via payments) a mobile home inside a park or attached to private land. Although this vacancy process can be thought of as an unpleasant experience, with just a few attitude and business adjustments you can continue business as usual the next time you have a mobile home vacancy.In the start of my career I experienced an … [Read more...]
Pros and Cons To Mobile Home Park Investing
March 30, 2012 By Leave a Comment
Pros and Cons To Mobile Home Park InvestingMobile Home Parks, A Lucrative Real Estate Niche Not Many Investors Know About. Here’s What You Need To Know About Investing in a Mobile Home Park…Mobile Home Park Investments – Pros and Cons To Mobile Home Park Investing is a post from: Real Estate Investing Blog For Real Estate InvestorsRead the full post here... … [Read more...]
Mobile Home Investing Red Flags
January 30, 2012 By Leave a Comment
Mobile Home Investing Red FlagsAfter you have successfully closed a few mobile home deals you may find it necessary to NOT hire an inspector or contractor to inspect your mobile home properties before you purchase them. With a mobile homes’ simple shape, structure, and a “what you see, is what you get” construction, these homes typically show potential obstacles and warning flags if you know where to look. What follows is a list of mental-notes to make when walking through your next … [Read more...]
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