Professional Mobile Home Investor Develops Course to Help Real Estate Investors Follow Warren Buffet's Lead Into Mobile Home Park Investments

The "Oracle of Omaha" is now a trailer tycoon, as Berkshire Hathaway owns one of America's largest mobile home companies. Real estate pro Steve Case, is showing beginning investors how they too can profit from this often overlooked, yet lucrative asset class.

Costa Mesa, CA (PRWEB) February 1, 2005 -- Mortgage interest rates are rising and single family homes are more expensive than ever. The American dream is becoming more like a fantasy to most average hard working Americans already struggling to pay the rent.

Additionally, what is going to happen to countless families that recently purchased their first home under those new adjustable rate mortgage loans that take effect after a very short fixed rate period? These people are going to have serious payment shock when they realize the effect that two percentage points has on a long term, several hundred thousand dollar mortgage. Foreclosure numbers are going to skyrocket in this country. A severely damaged credit score rating will drive these people back to the rental market or into some type of “owner financed” property.

A mobile home offers a solution to these families. Yet, because of the negative stigma associated with mobile home parks, city officials will generally do whatever it takes to prevent new park developments. Couple this fact with the significant cash requirements to build a mobile home park and you have a powerful discrepancy between demand and supply. Savvy real estate investors know this and are already profiting from our nation’s lack of affordable housing.

Still not sure if a mobile home park investment is a good idea? Perhaps, this might change your mind. The king of Wall Street, Warren Buffet recently invested 1.7 billion of Berkshire Hathaway’s capital by purchasing Clayton Homes Inc, one of the largest manufactured housing companies in the world. This was after an unsuccessful bid to buy a huge portfolio of delinquent mobile home loans from Conseco Inc.

Typically, when Warren jumps, millions follow and bank on yearly 12% returns. However, this is a unique opportunity for investors to gain huge profits from Buffets financial wisdom in the short term. The “Oracle of Omaha” as always been know for buying value, buckling down for the long haul and closing his position decades later when he’s squeezed every penny from each respective stock. The beautiful thing about a mobile home park investment is that (provided you know what you’re doing) you don’t have to wait a decade to realize triple digit returns on your money. Every day, mobile home park investors sell parks for multiples of what they paid for them a few years prior. Corey Donaldson, part owner of Mobile Home Park Profits, http://www.mobilehomeparkprofits.com is
one such mobile home investor as he recently was able to retire at the age of 32, after he doubled the equity (1.2 million)in his Texas mobile home park in just one year. Similar investors across the globe are able to accomplish this seemingly impossible feat with every park they purchase. These are generally deemed “turnaround” mobile home parks, where the investor finds an owner that has managed his/her park poorly over the years, either out of apathy or ignorance. Once locking up the property (many times with the previous owner carrying the mobile home park loan) this knowledgeable mobile home investor makes the sweeping changes necessary to increase net operating income.

However, you don’t have to buy a poorly run park to realize significant returns. Most of mobile home parks are between 15 and 30 acres. Historically, that land becomes so valuable that over time those mobile homes are replaced by larger commercial, retail or residential developments. However, unlike most land investments that are considered sunken costs until someone sells or builds, mobile home parks are producing large monthly cash flows as you rent the dirt the mobile homes sit on. In other words, you can profit by leasing the land to people as the value of your land appreciates.

Steve Case is a professional mobile home investor. His mobile home park investments have enabled him to spend much more time with his family and his hobbies. He has compiled his extensive knowledge of mobile home parks into a detailed course in order to help other investors realize his level of success. To learn more about this tremendously profitable real estate investment please visit http://www.mobilehomeparkprofits.com.

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Real Estate Pro Believes Mobile Home Parks are Bubble Proof Investments

Real estate investment properties are being purchased at an all time high despite strong signs of a possible bubble. Professional Real estate investor Corey Donaldson shows little concern as he is quietly making a fortune investing in recession protected Mobile Home Parks.

(PRWEB) October 13, 2005 -- While coastal real estate investors and those lucky desert dwellers from Vegas and Phoenix carefully massage their respective ballooning markets, a small niche of Real Estate investment pros are hammering hard cash out of their Mobile Home Park investments. Corey Donaldson, owner of Avalon Properties, is one such Trailer Tycoon.

With explosive appreciation over the last 5-8 years in many parts of the country, the real estate markets are positioned for a significant correction. Corey, who has become an expert in real estate market timing, has liquidated 80% of his California portfolio and purchased numerous Mobile Home Parks. “Mobile Home Parks are recession proof”. As the economy declines people will be looking for more affordable housing. In addition, once the mortgage market contracts and interest rates rise it will be more difficult for people to purchase stick built homes. Manufactured Housing provides the average person the opportunity to fulfill the American dream of owning their own home.

Mobile home parks are a land play with a large monthly cash flow. There is a huge barrier to entry for mobile home parks as they are very expensive to build coupled with municipalities continually increasing the restrictive zoning regulations. The cash flow is enormous as there is little maintenance/management compared to apartments. Mobile home parks are almost solely priced by assigning a value to current cash flows. Therefore, if you can identify a park that is being poorly managed (which many are) the appreciation can be exponential by increasing lot rents, decreasing expenses, buying additional mobile homes, and implementing other profit centers.

Don’t be fooled into thinking this is easy money. A far cry from Trump Towers, these mobile home parks can require a substantial makeover. Corey has learned that education is critical. After buying single family homes, apartments, motels, self storage facilities, and industrial storage over the last ten years, he thought that mobile home parks were a piece of cake. “They are if you know what to look for!”

Not knowing what to look for or what infrastructure questions to ask, he hastily purchased his first park that subsequently needed substantial electrical and plumbing work. “That one almost killed the dream, but with some expert advice from seasoned park investor (and now my business partner) Steve Case, I was able to minimize the damage and turn it around. Ironically, that costly mistake saved me hundreds of thousands of dollars on future deals as I was able to either avoid parks with similar issues, or (more productively) use those issues as negotiating points.

Annual Mobile Home Park Investing Conference to be held November 19-20th in Orange County, CA

Announcing the third annual Mobile Home Millions Conference to be held November 19-20th in Orange County, CA. The event is targeted to both current and future Mobile Home Park Investors.

Orange County, CA (PRWEB) September 30, 2005 -- The 2005 Mobile Home Millions Conference, taking place at the Anaheim Convention Center November 19-20, promises to be the industry’s premier event of the year. Lead by industry icons Steve Case and Corey Donaldson, the Mobile Homes Millions 3rd annual event will host the top names in the Mobile Home Park business over an action-packed two days of roundtable discussions, live deal-making sessions and numerous opportunities for networking with the best in the business. A must for any novice or expert in the industry, the Mobile Homes Millions Conference has successfully joined leading investors and industry professionals from all over the United Sates. With two years of proven success, 2005’s Mobile Home Millions Conference promises even more excitement and momentum for a growing industry.

Mobile home industry legend Lonnie Scruggs, author of “Deals on Wheels” and “Making Money with Mobile Homes”, highly recommends this event as he personally benefited from previous Mobile Home Millions: “I attended last year's Mobile Home Millions Conference. The networking, roundtables, and deal making discussions were outstanding. Corey Donaldson and Steve Case are definitely experts in the mobile home park business. If you are serious about making money in the mobile home industry this is a must attend event!”

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