Getting Started as a Mobile Home Investor

If you're interested in getting started as a mobile home investor, here are a few things you can do:

Read Books and Listen to Podcasts on the Subject

As in all learning, it's best to start your mobile home investing journey learning about this little known niche. Start by reading books and listening to podcasts on the subject. Get to know what mobile home investing is all about and what others have experienced in the niche. If you don't know where to start, you may want to check out the top 10 mobile home investing books on the subject. 

Learn Your Market

If you're set on mobile home investing and decide to pursue it, you also need to learn your market. Get to know the values of mobile homes for sale and for rent in your area. See what the supply and demand is for the different neighborhoods you want to work in. Talk to people who work in the industry such as mobile home dealerships and mobile home park owners and/or managers. They may be able to give you some insight on the market including the supply and demand. 

Build Your Network

Aside from learning your market, you also need to build your network. Make a list of people you need to hire and bring on to your team as a mobile home investor. Some key players include: contractors, mobile home park owners and/or managers, and mobile home dealerships. Start networking early before you even start buying mobile homes. Get a feel for the different types of people who may be able to help you when it comes to running your mobile home investing business. Interview them. Choose the ones you think can work well with you and your personality. Have a few back-up team members just in case. If you need an idea of what team members to hire, you may want to read 10 important members of your mobile home investing team. 

Find a Mentor and/or Hire a Coach

If you need more help when it comes to starting out as a mobile home investor, you may want to find a mentor and/or hire a coach. Talk to people who actually specialize in mobile home investing. Find out their experience and what they can do to help you be successful as a mobile home investor. Choose someone who understands your needs and can communicate with you the way you like to communicate. Visit your local real estate investment club to start networking and meeting other mobile home investors who may be able to help you down the road. 

Conclusion

These are just a few things you can do to get started as a mobile home investor. Once you start looking, you'll find there are not many mobile home investors out there. It's definitely a niche with less competition than other areas of real estate investing such as single-family homes and apartment buildings. With enough time and persistence, you'll eventually get the experience you need to be a successful mobile home investor. 

If you'd like to learn more about mobile home investing, you may want to check out my on the subject. 

Hope that helps!