Re: Potential Real estate deal - comments appreciated
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but have never even considered or been approached about investing in the mobile home investment arena.
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Stephen, I have a few mobile home parks. They are an investors dream. You're renting LAND. Nothing for tenants to steal or break. Storms can't damage it. Long-term tenancy with low turnover. Expenses are low (30-35% or so). The list goes on and on. They're great. So good that I'm trying to get rid of most of my other stuff and ONLY buy MHPs. Of course, I live in an area where there are lots of MHPs, but the ease of management lends itself to out of area investment very well.
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