Dilemma: MHP's Or APT's ?
Is analyzing different types of real estate income vehicles difficult or is it just me?
Mobile Home Parks - with 100k down, cashflow can vary from 10K to 80K depending on area of the country and type of park. Management requirements are nearly impossible to guesstimate on small parks where some have park owned mobiles or mixed rv use. Anyone know if it's possible to run a park from across the country? Maybe management from afar is reserved for the 4 star 2Mil plus investor along with an onsite manager.
Apartments appear to be something one could manage from afar. Anyone doing this on 4/8 unit buildings with a management company?
How can one estimate management requirements?
My frustration is that I reside in SO CA where buying income with 100K is nearly impossible. Texas, Florida, AZ, NV appear to have many opportunities not available here for the smaller investor.
Am I missing something?
Thank you very much ;o)
Not much difference between the 2. Each has a unique set of problems. As long as you have good onsite management, they should be close to the same. One is vertical, the other horizontal. My personal preference is the MH Park, cause they can't destroy dirt.
Good Luck,
Shawn(OH)