Mobile Home Parks
Mobile Home Parks
Mobile homes and RV parks are often overlooked commercial real estate. For some investors, they may not seem particularly glamorous. But those who own these types of real estate and manage them correctly are more than happy to keep this property type a secret and have all the profits themselves.
A mobile home park is a subdivision of plots for sitting mobile/manufactured homes. For your tenants, it’s a great alternative to owning a house or even renting an apartment.
Are you ready to go through the Nation’s most Comprehensive Commercial Real Estate Training? It’s time to start Learning and Earning with Cherif Medawar.
Specializing for Extra Profits
As the owner of the park, you rent plots to the mobile homeowners—giving them a sense of ownership. Typically, they own the mobile home but not the land. In exchange for their rent, the residents get access to utilities and amenities.
RV facilities and campgrounds are slightly different from mobile home parks. Travelers generally park their RVs for a few days or weeks as opposed to setting up a permanent residence.
Between the two, mobile home parks are generally better moneymakers. You can typically enjoy a cap rate of 7% to 13%. Plus, defaults are currently lower for people buying manufactured homes!
In this online training, I’ll show you which mobile home parks to build or purchase and where to find them. Then I’ll demonstrate how to get control of the property and structure your agreements. If you do your due diligence and hire the right management company, you will soon be one of those few investors trying to keep this commercial property type a secret… a very profitable secret.
Not every mobile home park is the same. As an owner, you can have specialized parks that cater to low-income buyers, vacationers, and even retirees. As the demand for senior housing soars, there will be an incredible opportunity in mobile homes.
You can customize your park to people on vacation or “snowbirds” who only live there half the year. Some parks even convert their spaces to a timeshare-type ownership.
Amenities vary as well. They are a great way to add value to your community and attract more tenants.
- Swimming pool
- Clubhouse and game room
- Shuffle board court
- Tennis court
Top 12 Reasons To Own A Mobile Home Park
You’ve likely heard the phrase, “If you build it, they will come.” This saying is true in land development. But investors will come to you even if you DON’T build.
Zoning restrictions prevent the niche from becoming crowded
You can sell manufactured homes to Tenants for added stability
Having numerous Tenants lowers your risk
You can rehab manufactured homes very inexpensively and put them back in service
Stability: It costs approximately $3K to move a mobile home… so if tenants bought the mobile home and want to leave… they often abandon it or sell it to you at a tremendous discount
A hands-off investment: A manager does the day-to-day, while the occupants take care of mowing their lawn and maintaining their lots There is a great feeling of satisfaction in helping those living with household incomes less than $20K (they represent 20% of U.S. residents—that’s over 60 million people)
It is a niche with less competition
Government and creative financing widely available
Low turnover: If you set it up right, Tenants will stay for years
You can add additional services to generate bonus income and fast appreciation
I Invite You To Follow My System For Success
The best investors-whether they succeed in stocks or real estate,etc.-have a business model. They may have it written down, or it may just exist in their head. But I assure you they have a formula they’ve acquired over time.
When I first started training people in the early 2000s, I noticed my students wanted to follow my investing model…the one I’d perfected during my investing career. They didn’t just want strategies and techniques; they wanted the recipe-an detailed list of my ingredients for success. So I captured my formula for commercial real estate investing with the FACTS system.
All of my training is structured around the FACTS system. All my students use it.
It is also so good and so thorough I actually patented it. When you purchase my training, you will learn the FACTS system-the proven business model that has made me millions over the last 20 years.
