Moved to a smaller town in Arizona, East of Phoenix and North of Tucson from Chicago Illinois with the intent of delving into more of an outdoor lifestyle. Began looking into Real Estate investing as means of reaching some life goals and greater financial freedom. I have been listening to Real Estate podcasts and Biggerpockets with it’s forum are mentioned often. After lurking on the forum for a few months I am stepping out to participate. Something I don’t recall doing on any other forum.
Exploring what I am beginning to call Farm Hacking as an adaptation of House Hacking. Not being able to afford a farm/homestead and the full risk of running an operation of my own yet I am looking to offset the cost/risk with rentals, preferably long term and possibly short term.
The idea began with a Mobile Home Park that a portion could be a market garden and possible small scale livestock. Purchasing a Mobile Home Park feels like it might be a little ambitious. I have began to consider using SFRs that have large side lots. I could use the side lots for gardens while renting out the homes. Over time with a few SFRs a large acreage could be put to market garden purposes. I see this model offering a diversification of markets; Homes and Food being two things that people need in any economy.
There is a Mobile Home Park that I have been looking into that I intend to post about in the Mobile Home Park section.
After reading books and listening to podcasts for the past 6 months there are so many unknowns but I would like to get to the point of working through my first deal by the end of the year.
Any insight would be greatly appreciated. Thank you to everyone that participates in these forums, sharing their knowledge and experience.