This might be the opportunity that you and your investment portfolio have been dreaming of.
It’s in the name: mobile homes are mobile. Real estate investors are getting excited about this auspicious niche. Thankfully, mobile home investment is more than a passing fad. Mobile homes are here to stay, despite the wheels they are built on top of. People are learning that there are many hidden investment opportunities in mobile homes. We could go on about each incredible mobile home investment opportunity, but these are some of the basics.
You must grab these opportunities while they’re still hot. Mobile home investment won’t be our little secret for very long. Just like every other real estate trend, mobile home investment will begin to get noticed by the heavy-hitters in your market. Right now, though, there’s very little competition standing in between you and the properties that you want.
There are many units that you can buy for less than $5,000. This is great for new investors, since real estate can be a bit tricky to dive into. Mobile homes cost far less money than other single-family units, namely due to their size. For seasoned investors, you can use other gains from various investments to purchase mobile home units.
Many mobile home parks are mom and pop shops. These family businesses thrive on their relationships with you, the investor, and your tenants. Of course, these relationships take time to build. However, when done correctly, this can be the best thing for you as an investor. If you have a trusted group of people behind you, you can quickly expand your real estate portfolio.
More Portfolio Diversity
Several investors swear by having diversity in their portfolios. This is typically due to the fact that you can fall back on certain investments if others are not doing so well. In real estate, this is typically linked to market volatility, which has been high in recent years. Many mobile home investors use their mobile home investments to dive into other niches while they explore other ones.