A Few Thoughts On Mobile Home Park Investing

Mobile Home Park Investing: Pros, Cons, and a Few Thoughts

I would like to write about why I like mobile home park investing. I know mobile home parks don’t sound flashy, but they can produce some great cash flow. At the end of the day, that’s what it comes down to. I will write about working in some real value to the community using government funding on a later blog, but for now- let’s talk pros and cons.

There are a lot of mobile home parks in the U.S., and the states with the most are California (surprise!), Florida (no surprise), Texas and North Carolina. A friend of mine recently sent me a link to a list of a lot of mobile home parks in South Carolina. This state is not very populous compared to many, but boy are there a lot of MHP’s (Mobile Home Parks): around 630 just on this directory list! Out of this list, I am sure there are a few in my area who want to sell and will do so with some or all owner financing. Buying a mobile home park with owner financing, producing cash flow on the first day by buying based on current and real numbers, and then adding value to increase revenue, only makes sense. Along with this, here are a few other pros to MHP investing:

-affordable housing: people always need that, in a great or bad economy!

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Commercial Property Leasing – What You Must Know to Lease More Property Today

In commercial real estate you will find that significant commissions are available from leasing premises as a real estate agent. When the sale of commercial property slows due to economic pressures and changes, it is the leasing of premises that still remains active.

In this slow and difficult property market it is the leasing specialists that are still making the deals work and creating the commissions. If this is attractive to you, the only issue to consider is whether you focus on small leases or large leases as that will impact your enquiry and commission.

There are always businesses that require relocating to other premises. You just need to find them. Knowing the people in the business community and their needs will strengthen your potential leasing success.

» Read more: Commercial Property Leasing – What You Must Know to Lease More Property Today

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How to Make Money in Self-Storage

Most Americans have more stuff than they know what to do with. As a result, they need extra space to store their stuff in. This basic need is the back-bone of the self-storage industry. But just because the demand is there doesn’t mean that making money filling that void is simple and guaranteed. The self-storage industry is more complicated than it looks, and there are many important issues to understand and address.

The Right Type of Facility

There have been a number of different types of self-storage facilities built over the last four decades. However, the profitable ones are among the first variety – they are called “Generation One” or “Generation Two”. The important component is that they have all rentable units located on the ground floor, and in a manner that a car can drive right up to the roll-up door. Why is this? Studies have found that self-storage tenants want to be able to drive right up to their self-storage unit door, roll it up, throw their stuff into it (or pull it out of the it), close the door and drive off. What’s not in demand are units that are located on a second floor or higher, or that you can only reach on foot. Nobody wants to have to take an elevator to their unit, or walk down a hallway with their stuff in tow. There never really was a demand for these type of facilities – it was more a fabrication by self-storage developers trying to rationalize building facilities on more expensive land, which required a greater number of units on that “footprint”.

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