New to Real Estate · San Diego, CA · Member since 2012 · 12 posts · 2 votes
I have just started learning about mobile home investing. I am very interested in this niche and was wondering if anyone who has a good track record in this area can answer a few questions for me. Your input is greatly appreciated. Here are my questions:
1. How can I purchase mobile home parks with no money and bad credit? Can I use OPM to do this? In a nutshell, how is it done?
2. Since I will be working full time soon, I will only have the weekends to invest in mobile home parks. Can this be done only on the weekends?
3. What are the biggest obstacles and barriers to entry which stand in the way of beginning mobile home park investors? How can they be overcome?
4. Can I invest in mobile home parks which are in other states from the one in which I live? I live in San Diego.
5. My goal is to make $20,000 per month in passive income on a consistent basis. Is this possible with mobile home park investing?
Your help is greatly appreciated. Look forward to hearing from you soon!
1. Convince a mobile home park owner to sell to you with seller financing and no money down. Yes, you can use OPM. Just convince people that it is a good investment and that you can make them money.
2. Yes
3. Competition and ignorance. Learn more and differentiate yourself