What are some underrated real estate niches?

[Ben Bymaster]

There are a few investing niches that seem to get almost all of the attention. For example: multifamily, single family, (and lately self storage). What are some real estate niches that no one talks about that you've had a surprising amount of success with?

[Michael Wagner]

Great Post...hopeful that there will lots of input.

I'm a storage guy through and through! But I've always been intriqued by mobile home park investing too...owning just the park, not individual homes.  Conceptually, when you are just renting the dirt and infrastructure, there is a lot of overlap in the "dynamics" that make storage so attractive.  It does involve "habitation" though even if you don't own the mobile home itself and that is enough of a reminder for me to stay in my lane:)

I have carved out a little niche purchasing timeshares at foreclosure and then renting them out and/or selling them for a profit.  And there are a couple of other guys that do it at scale.  We make $1500-$5000 per deal and it only takes a couple hours of work.  Its nothing crazy but we've managed to use the profits on those to buy two for personal use (see my note below on finding a way to profit off our consumerism;)

Investing in Timber Land is also fascinating to me.  I don't know a whole lot about it but I love the idea.  Maybe someone with experience with that will chime in.

Of course, STR (short term rentals like AirBNB are taking the "vacation" rental industry to whole new levels. No longer do you have to live by a beach or other tourist attraction to capitalize on STR.

And lastly, this one is a huge stretch as its not really real estate but we rented out a Motorhome for several years to offset our cost of ownership.  I always try to fund my "consumption" and renting out the MH when we didnt use it allowed us to own it for 3 years, live in it for 30 plus days per year AND sell it for $1600 more than we "paid" for it.  I put "paid" in quotes because we traded our last low income housing rental for it;)