The biggest issue we face today in real estate is affordable housing. With rents rising faster than income, cities are looking for a way to help people afford to live in their communities. Where in steps mobile home parks. These parks have always been frowned on by the cities because of the stigma they carry, but governments are starting to open their mind to these parks as affordability becomes more and more of an issue.
In this YouTube video,. I talk to Mike Ayala of Park Place Communities. Him and his partners are creating an investment out of these mobile home parks and doing quite well at it! In this episode, Mike discusses what he looks for in a park, red flags he sees, and the good he is doing for the community.
I will tell you that affordable housing will become more and more of a need in the United States over time and this is definitely something you should understand and look into. That is potential here from owning a park to possibly even converting a mobile home into a rental. Click here to watch!
Until Next Time,