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Updated about 5 years ago,
Recs for investor friendly manufactured home communities in ATL?
Hey BP community, I'm a long time lurker, first time poster. I've been spending most of 2019 researching the affordable housing niche of real estate investing and plan to make strides in this area in the new year.
With the affordable housing crisis impacting every market in the country, I see there is a need for creative housing solutions to meet demand. To that end, I've spent the past few days researching ways in which mobile/manufactured home investing could help address this issue for people finding it harder to find affordable housing in major markets.
Additionally, I realize manufactured homes will not appreciate but I would have interest in leveraging them as sources of cash flow. The BP boards have provided a wealth of knowledge, and I have already learned how important it is to find a good mobile/manufactured home community when looking for units that are part of a park.
With that said are there any investors out there in the ATL metro that have been successful with a mobile-specific strategy? If so, which investor friendly communities have you had the most success with in the greater metro area? Finally, do you buy/flip, buy/hold or buy/rent to own the units you acquire?
Any insight from people doing this work in or near Atlanta would be immense, thank you in advance for any tips and advice you can provide!