Advantages of Mobile Home Park Investing.
Mobile home parking investment is one thing that has come to be known recently and it has a number of benefits, it is a trade that many home owner professionals have started to notice for its good proceeds, click here on this website for more information.
Mobile home park investing isn’t usually the first thing most people think of with real estate investment. And that can be a good thing if you’ve ever wanted to generate passive income as a landlord, mobile home park investing might be for you.
As the mobile home park owner you will have two options, the first is to own the land only and then you rent out spaces to the mobile homeowners and the other one is owning the land and the mobile home owners will rent out to tenants, see more now on this site.
The second option is actually maintenance free, you are only supposed to handle maintenance, landscaping, trash pickup and other expenses that are related to the property, read more now.
This second option generates excellent income since there is a lesser chance for turnover and studies shows that it costs $5,000 or more for people to move from the mobile home to another location, once a mobile home owner parks on the land it is hard and not cheap for them to move.
There is a high demand for affordable housing and this is because housing costs are skyrocketing daily and people are looking for better affordable options, on average a one bed roomed house will cost $1,057 while a mobile home is just $564 dollars, click here and check it out!
If you are an investor in mobile home parks there is great news, you are likely to have steady supply of tenants especially in areas where the prices are lower and the cost of housing is higher, click and learn.
The mobile homes offer more than just standing apartments, they have more square footage, amenities and appliances are nicer and more land for recreational which are some of the things that tenants like, more information here.
Most investors are not aware of this investment of Mobile Home Park since they ignore it as a small venture and are always looking to have major and big investments in real estate, click here.
Once you are in the business of mobile home parks, you have fewer chances of competing with multiple people, this also prevents people who are driving the prices of land and home parks for sale and this allows you to make a reasonable offer.
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