MOBILE HOME PARKS FOR HANDS-OFF INCOME
Investing in mobile home parks is perhaps one of the most misunderstood parts of real estate investing. Yet, when properly executed, such an investment can generate a steady hands-off income. Many investors shy away from mobile home parks because they envision a 30 year old aluminum can that will give them nothing by management headaches.
Who said you have to own the actual mobile home? Own the land where they are sitting and you can collect lot rentals without any of the pain of dealing with the homes themselves.
Wealth Without Stocks or Mutual Funds will teach you how to invest in mobile home parks all over the country. Some areas have more target rich environments than others and in Chapter 13 I will show you where those markets are located. My business associate, Christy, has successfully invested in mobile home parks. She has agreed to share her success secrets and is giving my readers the opportunity to work with her and her team, so you can work towards your own turn-key mobile home park investing.
You will learn:
- How to find mobile home parks that can be bought on great terms
- To use seller financing to its fullest to put together creative deals that provide long term stable income for you, as the investor
- What to do to redevelop a park now or in the future for huge profits
- How to set the park(s) up to operate without your involvement
- The benefits of having your IRA own these properties
How to obtain free mobile homes that you can rent or resell for profit
*When you read this chapter, remember or refer to the information covered in the chapters on private lending, self-directed IRA’s, and becoming your own bank. The strategies outlined can operate independent of each other or in unity for even greater profit.