Many investors we talk to are very curious about investing in mobile home parks. What's the appeal? Why would someone want to consider investing in them? What's the operational strategy? How are their returns?
We had the opportunity to dig deeper into investing into mobile home parks, thanks to our interview we did with Derek Vickers. As CEO of Victory Real Estate Group and host of the MHP Show, Derek shares his journey from a $300 start in Florida to owning and operating 38 mobile home parks with over 1900 units.
Mobile home parks present an intriguing investment opportunity due to their unique characteristics. Overall, the business is still relatively fragmented, with many mom-and-pop owners. This fragmentation creates opportunities for investors to find deals, especially with sellers offering financing.
One of the key factors contributing to the appeal of mobile home parks is the dwindling supply. Municipalities are...