How To Profit From Mobile Park
Homes
By: Omar Johnson
The author has permitted the reprinting and redistribution of this
article.
They may not be the most popular housing, but manufactured homes are
certainly a form of affordable housing to be appreciated. Mobile homes
these days are a far cry from the ones being produced several years
back. They are stylish, large, and some are even luxurious.
While some real estate investors may be inclined to turn up their noses
at manufactured homes, that doesn't mean they aren't good investments.
More than 16 million people reside in mobile homes in the United
States. That translates into 16 million reasons to consider investing
in manufactured homes.
As with flipping houses, investors can flip mobile homes by purchasing
low and selling high. The best way to do this is to sell on terms. You
can also provide seller financing.
If you invest in a mobile home and sell it, you can gain profit by
collecting on the interest from the financing. Mobile homes can also be
fixed and flipped like a regular house. In fact, you may be able to
make inexpensive renovations to a mobile home and turn a quicker profit
than that of a house.
If you don't want to invest in an actual mobile home, you can always
purchase land to put the home on. Mobile home parks are very popular
these days. By picking up a park or some land, you can rent the space
for owners to park their mobile homes. If you have a mobile home park,
your tenants tend to be more secure because they can't legally move
their home out of the park until it is paid for. This will keep them
sticking around for a few years at least.
If you do opt to invest in a mobile home park, you have a great
opportunity to increase the value of the park. This can be done by
increasing the net income the park yields. In turn, the market value of
the park goes up.
You can also capitalize by buying a run-down mobile home park and
fixing it up. If this is the case, try to find a park with fewer
tenants. Then remodel the park and actively seek new tenants whom you
can charge a higher rate than your old tenants because you have
increased the appearance of the park.
You can also flip mobile home parks by purchasing a park in poor
condition and improving it then selling it to another real estate
investor. The property will actually sell for a higher price even if
the tenants are not paying more in rent because the park itself has
increased in value and will have a higher income potential.
Remember, mobile homes and houses are almost not quite one in the same.
Most of the rules that apply towards investing in houses apply to
mobile homes. You don't have to live in a mobile home, you don't even
need to like them, to make a profit from them.
Mobile homes are just another form of investment property. They are a
legitimate means of investment because Americans are living in them.
Omar Johnson is a real estate investor and author of the home study
course "The Real Estate Investors Guide To Finding Motivated Sellers"
For more info visit http://www.findingthemotivatedsellers.com
If
you would like to take advantage of the market and learn how to invest
in real estate and you are local to the Dallas Fort Worth area, I know
a really great teacher and mentor here in Arlington Texas. Please take
a look at his web site: DennisJHenson.com,
Dennis has a great Mentoring and training program, I know because I am
one of his former students. I learned a lot from his one on one
teaching technique. - Michael Harman 817-457-7572
mchfun.business@gmail.com
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