Why mobile home parks? 🤔
The business model and environment are unique.
But, the secret is out!
Competition is intense for these assets.
Because people know a few facts. 🧐
✅ Supply constraint - More mobile home parks are destroyed than developed each year.
✅ High demand - Given the price point, this is the most affordable housing option.
✅ Highly fragmented - Large percentage of parks are owned by mom-and-pop investors.
✅ Low turnover - When tenants own their home, it is common for them to stay for their entire life.
✅ Low capital expenditures - With few park-owned units, owners are responsible for infrastructure, trees, and roads.
These characteristics plus several more contribute to the increased attention.
This investment thesis is here to stay.
❤️ What is your favorite form of real estate investment? ❤️