Why You Should Consider Investing in Mobile Home Parks

A great long-term wealth-building strategy begins with choosing the right investments. Today, choosing high-performing investments can feel complex, especially in real estate. For years, real estate has been one of the most reliable and high-performing types of investments on the market. But which type of real estate investment is best for your investment portfolio? Should you invest in REITs, Residential or Commercial Real Estate? 

In this article, we will cover an unconventional, mispriced asset class: investing in mobile home parks.  

Instead of following the same path of countless investors and buying homes, consider a few key benefits of investing in mobile home parks. 

Very Low Turnover Rates 

One of the biggest risks that come with investing in traditional multi-family properties is high tenant turnover rates. If units are consistently vacant, then yearly profits disappear. With mobile home parks, it’s a different story. Mobile home parks have a very low turnover rate, which is why they are such a great investment.  

It costs thousands of dollars for mobile home park tenants to relocate. Even when tenants do move out of a mobile home park, it can work in the owner’s favor. These tenants will usually opt to sell their mobile home instead of paying to have it moved.  

Low Maintenance and Repair Costs 

Owning an apartment unit or a traditional rental home comes with a lot of responsibility. When renting one of these residential structures, you will be responsible for the repairs and maintenance they require. If you want to avoid the cost and aggravation of providing repairs and maintenance, then investing in mobile home parks is a great idea.  

With mobile home parks, the tenant rents the land own the mobile home. Thus, they will be responsible for maintenance. This means you can maximize profitability without having to invest lots of time and money on repairs/maintenance.  

Mobile Homes Are in High Demand 

Over the past few years, the price of traditional residential real estate has gone through the roof. The average person is having a harder time buying a traditional home, which is why lower-cost mobile homes have become more popular.   

Modern mobile homes are built to last and extremely appealing, which is why they have gained popularity in the past few years. As the trend of mobile home buying continues to grow, the need for mobile home parks will also increase. Getting into the mobile home park investment game right now can help you reap the benefits that this growing industry has to offer.  

A Recession-Proof Investment Option 

When trying to find the right investments, most entrepreneurs want to know how recession-proof they are. Traditional forms of investing like stocks perform poorly in the midst of an economic downturn. However, mobile home parks are viewed by many financial experts as being a recession-proof investment. Mobile homes are one of the most affordable rental options.  

This means that mobile home parks generally do more business when the economy takes a dive. The reason why these investments do better during a recession is that most people will opt for the cheaper rent of a mobile home over a pricy apartment or rental home. And people who already live in a mobile home park during a recession tend to stay put, as moving would be expensive or out of budget. 

Consider Mobile Home Park Investment Funds 

Now that you know about the benefits of investing in mobile home parks, you are probably wondering how to start making money in this industry right away. Learn more about our fund latest fund offered by Park Avenue Partners. Our mission is to help our investors generate above-average income with the help of mobile home parks.   

About Park Avenue Partners 

Park Avenue Partners works to provide investors with above-average returns. Our previous investment fund closed in 2019. The nearly 130 investors in this fund have never suffered a loss and have received between an 8 percent and 12 percent return on their investment. By investing in our fund, you can become part owner in various mobile home parks without dealing with the aggravation of finding them and funding purchases on your own. The team at Park Avenue Partners is passionate about providing great investment opportunities while creating affordable housing options for low-income Americans.