Mobile Home Park Investing

Created 8 years ago in Other

* Director of Acquisitions
* 1000s of deals analyzed

Mobile Home Park Investing is one of the hottest asset classes in real estate. Why?

Demographics - Over 10,000 Baby Boomers are retiring each year with little savings. Also over 50% of US workers earn less than $30,000 / year. Living in a mobile home park community provides one of the cheapest housing options out there with many residents averaging $200-$250 / mo. Time Magazine recently ran an article describing Mobile Home Parks as "gated communities for the poor" citing the community and lifestyles as two of the positive attributes of living in a park.

Supply and Demand - Guess how many mobile home parks were developed in the US in 2016? If you guessed more than 3, you'd be wrong. Only 3 MHPs developed nationwide. Meanwhile demand for affordable housing continues to rise as housing prices and rents continue to escalate.

Ease of management - Unlike other types of real estate assets, mobile home parks can be fewer headaches to mange. If the residents own their own home, then they take care of their own plumbing issues, etc. No phone calls to you!

Higher cashflows - Typically mobile home parks sell for less per unit than single family homes or apartments. But they cash flow the same if not better. That means typically you get more cashflow per dollar spent.

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