My first Mobile Home Park sale was in 1972.Since then I've been blessed with deals in all types of commercial/investment properties. Every investor looks for three things- Appreciation, Cash Flow and Minimal Management. Mobile Home Parks have ALL THREE!! There isn't an investment I know of that compares. Those three factors have made the owners of the 150+ parks we have sold a ton of money.
Let me give you an example:
In 1990 I sold an apartment project for $800,000.I also sold that same year a Mobile Home Park for $1,200,000. Ten years later I sold the same two properties. The apartments sold for $820,000 and the Mobile Home Park sold for $2.200,000.
Which would you rather make on your investment- $20,000 or a million?
-Jerry Curre
Broker/Owner