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Mobile house parks are perhaps most likely to be one of, if not the, hottest financial investment classes in 2020. Lots of new and skilled investors are getting on board to benefit from this previously misunderstood investment. Why? Since mobile home parks have proven to be one of the highest yielding and reputable investmentsespecially when compared to similar-kind investments (i.e., self-storage and multifamily residential or commercial properties).
Metrics were far different than those that we are seeing today. To help you navigate today's mobile home park marketso you can take advantage of this amazing asset class, tooI 'd like to share with you: How mobile house parks altered my life Why mobile home parks are getting so much attention What the mobile home parks space looked like prior to 2018 What has altered post-2018 Let's dig in.
Today, I also have time freedom and place freedom (Financial + Time + Location Freedoms = True Flexibility). I have a lot thankfulness for this asset class. It's been a catalyst for me to live a self-designed, complimentary lifestyle as I broaden my generational tradition of wealth, subsequently helping numerous others along the way.
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In reality, I used to be a blue-collared workera steel fabricator/welder to be accurate. I matured "Down Under" (in Australia). At the age of 17, I was at a crossroads. From what I observed at the time, I had 2 options: Complete high school, proceed to university, then move on and get a J.O.B.
( Later on I discovered out I had an abundance of options within my reach that at the time I was not privy to.) Choosing was easy for me, as the idea of continuing schooling was intimidating. I predicted severe boredom and discontentment if I picked that path. It's not that I didn't like education; in truth, I'm obsessed with development and education. benefits of buying a mobile home.
I wasn't thrilled about alternative No. 2, either. However, it appeared the less of 2 evils, so I chose among the top-paying blue-collared professions: steel fabrication and welding. For the next 17 years, I was dissatisfied with the career path I 'd chosen. And the more time went on, the more my frustration increased.
In the land of opportunities, I explored the top 3 methods to make money: Stock exchange Owning a business Trust me, as a male who's traveled to over 60 countries and owned businesses on three continents, I can truthfully and confidently say that the United States of America supplies such abundant chances and low barriers of entry in real estate and company that, as an expat, it resembles a kid landing in a sweet shop of perpetual supplies! It's easy for me to see why foreigners regularly concern the U.S - how to buy land for a mobile home.
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I'm now a U.S. resident and proud of it! After attempting my hand at all 3 money-making opportunities, I found I was spinning plates and having mediocre success. It became really clear that realty was the very best option for many factors. But there were a lot of methods to generate income in realty, it was challenging to know where to start.