Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

Mobile Home Parks Is A Great Asset Class! #shorts

27 May 2024 · 0 min

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0:25

In this short video, the speaker recounts how a conversation about a bank’s desire to sell a non‑performing note sparked his entry into real‑estate investing. After purchasing the note and conducting thorough due diligence, he began acquiring mobile home parks, which quickly became his primary and highly successful asset class. He also mentions dabbling in self‑storage, currently buying a unit, but emphasizes that mobile home parks remain the core focus and have proven to be an excellent investment.

And he said, the bank is wanting to sell the note. It's non-performing. Would you consider buying it? And I'd bought a lot of non-performing notes before and we did our due diligence and that was kind of the kickoff to buying mobile home parks. And I haven't looked back since. So we've bought a little bit of self-storage as well. We're buying one right now. But for the most part, the focus has been mobile home parks pretty heavy. And it's, it's been an awesome asset class.