He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted. So I bought a single family home for 315k that was considered inhabitable. I was able to get a private loan which I used to ...

. - Storage and Mobile park prices could soften.

Quote from @Shaun Ortiz: One thing that keeps coming up is how some investors start with BRRRR but eventually shift to other asset classes—self-storage, mobile home parks, even commercial spaces.

I spent the prior 18 months obsessing over the markets, reading every book, diving into a massive rabbit hole with mobile home parks, and ultimately decided that in 2023, I had done the research that would suggest this journey is an absolute certainty. 

Many times the tenants are income based and pay 20-40% wherein only 60-80% may be guaranteed.Aside from the rent percentage issue is pride of ownership.

(In case the local government decides they don’t want the mobile homes there any longer.)

We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home.

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

I can only assume they were an LP in a storage unit syndication :) Now they are raising money for a mobile park and using Instagram to reach an audience.