All Forum Posts by: John Lowe

The methodology of MH investing can vary tremendously by region. I'm not familiar with New Port Richey, but I can say from experience that MH investing in SE Florida is very different than GA. The investment is significantly higher, customers have greater financial resources, and the state regulations are stringent (ie. dealer license is required). 

I don't know if this is applicable to you, but we've found that the yields that are achieved with MHs can be obtained with SFHs in working class neighborhoods in some urban areas. In 2015, we are going to apply the principles of Lonnie Deals to SFHs. 

I used to be active in the MH space. We've found them using county tax rolls, doing arial flyovers using Google/Bing maps, on the MLS (under RE not MH) and HUD. Although the inventory has dried up considerably over the years, 21st Mortgage still sells its REO on their website.

There are not many players in this space, your business model should be very successful. Make sure you are in compliance with all the new regulations required under the SAFE Act and Dodd Frank. 

In your post, you floated 3 business ideas that are vastly different, and which people spend years preparing for and pursuing. It might be helpful to take a step back and think big picture: what do you want to do with your life? What's important to you? Start with your vision, then plot a course to get there. From this will come objectives, then evaluation of the various ways to achieve it (this is where it a discussion of various businesses may come in). When you approach it from the top and drill down to the specifics, the answer to many of your questions will become apparent.

Lastly, I suggest you discuss this with your family and/or close friends. They have insight on your personality, talents and weaknesses which is essential for the life planning advice you are seeking.