Brandon Turner , CONTRIBUTOR

“Brandon… you're crazy!”

That's the response I tend to get when I tell folks I'm looking to buy a mobile home park this year.

And I totally get it. A couple years ago, I would have said the same thing. But times have changed, and so has my opinion on mobile home parks.

You see, after the real estate crash nearly a decade ago, real estate investments were easy to make. Nearly every property was a good deal and great money could be made.

But that was yesterday.

Today- ­ the real estate market is tough.

Single family homes are being scooped up by homeowners attempting to get their next home before interest rates rise. New investors are learning about the power of real estate investing and buying up most “nasty houses” as well as the small multifamily deals. And hedge funds and large institutional investors are grabbing all the larger apartment complexes at prices that simply don't make sense to savvy real estate investors.
So real estate investors have a choice: they can sit out and wait for the next real estate crash or they can get creative and find opportunities in this current market. Of course, there is nothing wrong with sitting the next few years out, but I love the action too much to stop.

So I'm opting for option two: finding opportunities.

One such opportunity that has recently caught my attention is mobile home parks. And for clarification: no, I'm not talking about buying mobile homes. I'm talking about the entire park, where the residents own (or rent) homes and I lease out the land.

My interest was peaked after interviewing several mobile home park investors on The BiggerPockets Podcast, and later finding The Mobile Home Park Investing Podcast, hosted by Kevin Bupp and Charles Dehart of Mobile Home Park Academy. I realized that mobile home park investors were crushing it right now.

I had to dig in deeper! Click to read the full article...