Survive the uncertain future of housing, rentals, and investments

[Jerry Lucker]

We are just now realizing the value of having renters that work in ‘essential' businesses. That along with owning free and clear SFR rentals means we just might survive. Most of our rentals are mobile homes on private property, purchased specifically because they cost ½ or less what stick-built houses of comparable square footage would have – and they bring virtually the same rent. Our conservative, low risk approach to investing began 20 years ago.

What we see looking forward as a result of the predicted economic disaster will a huge demand for affordable housing, a niche we’ve been in from the beginning. The properties with the most square footage for the dollar will be mobile homes, mainly in mobile home parks. They also offer living with no neighbors above or below, no stairs, close parking, their own yard, and a sense of community and comradery. The occupants also own their homes in most cases.

We made the money necessary to acquire several rentals by flipping mobile homes in parks consistently for two decades. It took a lot less money than real estate, offered quicker turnaround times on projects, provided much better profit margins with less risk, and the competition is largely non-existent. I would think that this business model will be unsurpassed in the foreseeable future as the best housing investment niche to be in.