Once you understand there is a tremendous demand for affordable housing you can start to discover how make a great investment for yourself that will earn returns of 18 – 72% , with little risk.
There are nine million manufactured homes in this country, one residence out of every ten, yet this investment is virtually hidden from most investors. It is not even on their radar screen. About three million of them are located in communities where the residents own their home, but lease the land under it. Those are the ones we are interested in now because they have the lowest prices and the highest returns. ...
Because of this mistaken belief, many banks refuse to lend on “older” manufactured homes, homes built before, say, 1990. And this is where the opportunities lie. This is where you will Be the Bank, and you will lend on older, but still in fine shape, manufactured homes. You can select the homes you want to lend on, in the communities you want to lend in, to the type of borrowers you want to lend to. There are over 50,000 manufactured home communities in the U.S., an average of 1,000 in every state, so there are many comfortable places for you to invest.
Stu Silver is a real estate investor, writer, speaker and trainer who deals with the lucrative, but often overlooked, subject of Mobile Home and Mobile Home Park investment. Mr. Silver and his family pictured on the left have real estate holdings that include 500 rental units, comprised of 11 mobile home parks, warehouses, mini-warehouses, offices, single family homes, duplexes, and motels. Under the pen-name of Zalman Velvel, he has written two well-received books: Mobile Home Wealth and Mobile Home Wealth Part 2: Mobile Home Parks.
Mr. Silver has been a full time investor for more than 28 years. He holds the coveted CCIM designation, and is licensed as a real estate broker, mortgage broker, auctioneer, mobile home dealer, and former real estate appraiser. As a licensed real estate trainer, Mr. Silver has trained more than 5,000 people in real estate investing, in 3-day bootcamps and live on the internet.
Try a no cost example of his teaching - See "Trailer Cash" at http://www.mobilehome.com/portal/stories.php3?nid=8077
There are nine million manufactured homes in this country, one residence out of every ten, yet this investment is virtually hidden from most investors. It is not even on their radar screen. About three million of them are located in communities where the residents own their home, but lease the land under it. Those are the ones we are interested in now because they have the lowest prices and the highest returns. ...
Because of this mistaken belief, many banks refuse to lend on “older” manufactured homes, homes built before, say, 1990. And this is where the opportunities lie. This is where you will Be the Bank, and you will lend on older, but still in fine shape, manufactured homes. You can select the homes you want to lend on, in the communities you want to lend in, to the type of borrowers you want to lend to. There are over 50,000 manufactured home communities in the U.S., an average of 1,000 in every state, so there are many comfortable places for you to invest.
Stu Silver is a real estate investor, writer, speaker and trainer who deals with the lucrative, but often overlooked, subject of Mobile Home and Mobile Home Park investment. Mr. Silver and his family pictured on the left have real estate holdings that include 500 rental units, comprised of 11 mobile home parks, warehouses, mini-warehouses, offices, single family homes, duplexes, and motels. Under the pen-name of Zalman Velvel, he has written two well-received books: Mobile Home Wealth and Mobile Home Wealth Part 2: Mobile Home Parks.Mr. Silver has been a full time investor for more than 28 years. He holds the coveted CCIM designation, and is licensed as a real estate broker, mortgage broker, auctioneer, mobile home dealer, and former real estate appraiser. As a licensed real estate trainer, Mr. Silver has trained more than 5,000 people in real estate investing, in 3-day bootcamps and live on the internet.
Try a no cost example of his teaching - See "Trailer Cash" at http://www.mobilehome.com/portal/stories.php3?nid=8077
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