How To Dispose of Ancillary Assets to a Mobile Home Park
Wednesday, October 06
Mobile home parks sometimes come with the strangest assets. I have wound up as the owner of everything ranging from used car lots to commercial laundries, and from apartments to single-family homes. How does this happen? Since most mobile home parks are fairly old, the original owner someti...
HOW TO RETIRE ON JUST ONE MOBILE HOME PARK
Tuesday, October 05
Most mobile home park owners tend to amass a portfolio of several parks, simply because, after acquiring the skill sets, it seems wasteful not to buy "just one more". But, in reality, they only need to buy one mobile home park to be set for life. How can this be? There are several reasons. Su...
THE MOBILE HOME INDUSTRY TURN AROUND PLAN
Sunday, October 03
Our industry continues to be plagued by declining sales of new manufactured homes going into mobile home parks and communities nationwide. With only around 50,000 new home shipments in 2009 we need to figure out how to get those numbers back up to 100,000 for 2010 and st...
How To Make $100,000 A Year Cash Flow With One Mobile Home Park Investment
Thursday, September 30
With the national economy in free fall, and millions of jobs being cut across all industry segments, many people are trying to formulate a plan to replace their income if they get laid off. And to many people, that income can approach $100,000 or more. So how do you replace $1...
How Mobile Home Parks Make More Money Than Single-Family Home Investing
Wednesday, September 29
Just about anybody who watches late night TV, or receives email, or reads, knows that there are hundreds of people promoting concepts to make money in single family homes. "Buy foreclosures", "profit from short sales", "wholesale houses" there are at least 1,000 different con...
WHY THE RETAIL HOME SALES DEBACLE HAS BEEN GREAT FOR COMMUNIITY OWNERS
Tuesday, September 28
At the end of the 1990's, with new manufactured home sales roaring past 400,000 units per year, community owners felt like part of a giant machine, in which their role was to provide continually available lots to retail dealers. I remember a time in which I had a community that received, ...