Manufactured housing, more typically known as mobile homes, offers a fantastic opportunity for savvy investors who think outside the single-family home box. There are several areas within the mobile home sector, such as family parks, less restricted subdivisions with individual properties on public record, and 55 and over communities. Real estate investors with more long-term investment strategies may own the park and make income from lot rentals and other on-site income streams, such as coin-operated machines. Or, they can flip mobile homes for a fast influx of cash for those pursuing short-term investments.
If you are looking to purchasing a mobile home as an investment or are more interested in purchasing one mobile home, this article will explore five reasons why investing in San Diego mobile homes may be the right option for you.
Diversity
One of the reasons why you should be investing in San Diego mobile homes is the security that diversity brings to a real estate portfolio. Not only should you invest in stocks, San Diego real estate and other assets such as precious metals, but you should branch out into several sub-sectors within each area of your investments. Diversifying your investment portfolio allows you to have passive income when and if the economy hits a speed bump. Local full-time professional buyers like those at Trusted House Buyers can help guide you as you learn the business, helping you learn the winning formulas of the experts. Also, our pros at Trusted House Buyers have experience spotting red flags that new investors simply do not find, helping you avoid costly mistakes.
Property Management
Another reason why investing in San Diego mobile homes may be a good idea, is they cost less to maintain. If you own the entire park, investors carry the responsibilities of common roads, grounds and amenities; the renter owns the unit and is entirely responsible for maintenance and repairs. With single-unit investments, in a park or on your land, it is much like a single-family home rental; you remain responsible for managing the unit. Those in mobile homes tend to stay put for many, many years, which means there are fewer turnover costs. Professional buyers like those at Trusted House Buyers work with the best team of property managers who can help with marketing to the right tenant, screening and tenant placement or handle all of your property management needs. We can help with as much or as little as you wish, just talk with our pros about your duties as a landlord in your San Diego real estate investment business.
Entry Costs
As you know, San Diego is an extremely expensive city to live and invest in. Mobile homes are often available at very affordable asking prices, making it a good starting off point, especially for beginning investors. The low entry costs are another of the reasons why you should be investing in San Diego mobile homes. Professional buyers like those at Trusted House Buyers can help you locate the best available investment property that is realistic with your budget so that you can earn the highest possible returns with the lowest possible stress.
Housing Demand
Demand for affordable housing in San Diego is high, and it is obvious why. They have a lower overall rental and purchase point, which is an excellent reason to invest in San Diego mobile homes. Mobile home communities have risen to new levels, offering retirement communities and vacation-style resorts. While projected to increase, just under six percent of the population currently resides in mobile homes, with manufactured housing accounting for approximately nine percent of new housing starts in 2021. Professional buyers like those at Trusted House Buyers can help you locate the right piece of land or the best available individual units in San Diego to meet your real estate investment goals.
Market Competition
Many investors turn their noses up at this amazing opportunity, which is another reason you should invest in San Diego mobile homes. If you want to get ahead of the competition in San Diego, professional buyers, like those at Truste House Buyers, can help you get that upper edge. While other San Diego investors are spending time on single family homes and multi-family units, you will have had the ability to invest in more properties at a lower cost.
The professional buyers at Trusted House Buyers can tell you more about these and many other reasons why you should be investing in San Diego mobile homes today! With many years of experience, our team at Trusted House Buyers can help you move into the mobile home sector of San Diego real estate and allow you to tap into the potential that is waiting for you. Let the full-service in-house team of industry specialists and professional buyers at Trusted House Buyers guide you to success with your San Diego investment portfolio, showing you the ropes one step at a time. Call Trusted House Buyers at (619) 786-0973.
