The mobile home park industry is exploding in paths of progress
Last night, I had the chance to go to a mobile home presentation, presented by the Colorado Association of Real Estate Investors. Held in Denver, there were 200 people in attendance, all trying to figure out the business of buying and selling individual mobile homes and mobile home parks.
In the last 2 years, I’ve managed to acquire, with partners, 6 mobile home parks from Ft. Morgan to Colorado Springs that range from 40 to 120 units in each park. These parks aren’t your average Simi Valley retirement communities, with cute picket fences and gardens that are managed by horticultural inspectors, but that’s not why we purchased the parks. These have all two things in common: they are located in the paths to progress and each of them provides lucrative cash flow in a real estate market that is flooded with investments that are worth less than the mortgage held on the property.
If you haven’t had the chance to learn about this type of investment, here is some information about the speaker last night, who entertained the audience by sharing his lifelong passion of, “the twelve steps – why I am addicted to cash flow properties”:
“Stuart Silver is a real estate investor, writer, speaker and trainer who speaks on the lucrative but often overlooked subject of Mobile Home and Mobile Home Park investment. He is a dynamic and humorous speaker who delivers a wealth of information in his fact-filled 1-hour PowerPoint presentation. Mr. Silver’s real estate holdings include 500 rental units, 11 mobile home parks, warehouses, mini-warehouses, offices, duplexes, and motels. Writing under the pen-name of Zalman Velvel, he has published two well-received books: Mobile Home Wealth and Mobile Home Wealth Part 2: Mobile Home Parks.”
During the hour, Mr. Silver, or shall I say Mr. Velvel, was quite entertaining and provided mathematical, simple calculations on how to get started in the mobile home business. Following the presentation, we had the opportunity to speak with two investors who are looking for bargain properties, so it was well worth the trip and price of admission ($20 per person).
Of course, like any excellent seminar speaker, there were books and tapes and a two part series for attendees to buy into, but if anyone was able to deliver a message and keep your attention it was this very funny, Hasidic Jewish man who played on his ancestry.
For those of you who think that mobile home parks wouldn’t fit into your lifestyle, think of me – who led teams of salespeople on 6-star cruise lines – who is now completely sold on this model of generating cash flow through both good and bad economic times.
For more information on mobile home park investments, click here. For information on real estate opportunities in Steamboat Springs, click here. To find out how you can learn more about more cash flow opportunities, contact me.
