Thursday, October 29, 2009

Mobile Home Parks

I didn't know that so many people were passionate about
making money with Mobile Home Parks like me. From the
emails I've gotten back I can see 3 main reasons for this:

1) In hard times Mobile Home Parks stay full
2) Most investors love the idea of owning JUST the land, not
the "Boxes"
3) You can get easy owner carry financing because "that's
the way it's done".

Then when my friend Frank Rolfe mentioned "The Magic Number" for
Mobile Home Parks the other day a light came on in my head.

"That's it Frank!", I exclaimed. That's why anyone can afford to live
in a Mobile Home Park - the lot rent plus the cost of the home
need to be right at this "magic number"...

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