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Mobile home parks are only attractive as an investment in markets where single-family homes are expensive.
There is no other sector of real estate that is as studied as single-family homes. Look at all the websites out there that serve this market, and what a huge percentage of the U.S. population that is employed in single-family construction, financing, maintenance and 1001 other variants. Well, you can use this research as a mobile home park owner, to ascertain good markets to own parks in and predict the future performance of the property. So what can we learn from single-family home stats?
Mobile homes can’t compete with cheap single-family offerings
The mortgage on a $30,000 house is under $200 per month. The average mobile... read more