Mobile home investing is often overlooked for real estate investing. With it, you can either focus on the land as an investment or on the housing itself.
In most cases, it’s best to look at investing in both where available. But what is the difference?
When you invest in mobile home parks, it means you are only buying an empty piece of land that mobile homes park on and rent from you. The income you receive would be like that of a homeowner of which would consist of monthly rental amount, utilities, amenities, and swimming pools.
The more fruitful and stable form of investment in mobile homes is ownership of both the land and the housing that stands on it. The income received works more in line with apartment investments.
For you to get started on your path to successful investing, we have selected the best books on mobile home investing that touch on both types of investments listed above.
| Best Books for Success in Mobile Home Park Real Estate Investing |
|---|
| The Guide to Owning a Mobile Home Park |
| Mobile Home Wealth |
| How to Invest in a Mobile Home Park |
| Deals on Wheels |
| 10 Other Real Estate Investments You Could Do |
| Money Making with Mobile Homes |
The Best Books On Investing In Mobile Homes
The New Investor’s Guide to Owning a Mobile Home Park: Step by Step Instructions to Acquire and Manage a Profitable Trailer Park by Laura Cochran and Erin Cochran
Having 22 years of real estate and mobile home investing experience, Laura is also a multi-park owner who manages her investments directly and believes that every investor should own a mobile home park. Here are just a few reasons behind her belief:
- The vacancy rate is from minimal to none as you have control over it
- The income is steady and you decide on how much rent to charge
- The constant demand for affordable park housing allows your investment to either remain constant or increase
This 25-chapter book is the ultimate how-to guide for any investor looking to invest in mobile homes and is definitely a top recommendation to read.
Mobile Home Wealth: How to Make Money Buying, Selling, and Renting Mobile Homes by Zalman Velvel
Being an active and full-time real estate investor, Velvel uses his 40 years of industry experience to introduce the basic principles and practices of real estate investing. He then moves on to explaining how you can apply that information to mobile home investing in a step-by-step method. As his family owns and operates 5 mobile home parks as well as various other real estate investments, Velvel has combined both his personal and professional experience into a friendly, relatable guide that is guaranteed to make sure that the investments you choose are both profitable and successful.
How to Invest in a Mobile Home Park: For Business, Money, and Profit by David Rousher
Written as a practical guide for both beginner and experienced investors, Rousher uses his 30-year experience as a professional mobile home park owner as well as manager to teach you everything there is to know about the industry as well as the investments. He also navigates you through the do’s and don’ts of location, economy, and stability when investing as well as how to research and find hidden profits of mobile home investments that make it well worth the read.
Deals on Wheels: How to buy, sell & finance used mobile homes for big profits and cash flow Making Money with Mobile Homes by Lonnie Scruggs
This book is referred to as the “Bible for the Mobile Home Business.” Lonnie Scruggs has been named the master of the used mobile home business. Everything written inside is also based on his real-life experiences. This down-to-earth book is all you need to get your investments started.
10 Other Real Estate Investments You Could Do by Michael Lantrip
Although it doesn’t focus solely on mobile home investing, this book gives you a general overview of other niche real estate investments that most investors overlook. Lantrip provides a wealth of information on real estate investing, including:
- Section 121
- Billboards
- Raw Land
- Storage Units
- Wholesaling
- Mobile Homes
- Flipping
- Private Lending
- Hard Money Lending
Making Money with Mobile Homes by Lonnie Scruggs
Scruggs was inspired to share more of his money-making secrets by releasing his second book after “Deals on Wheels.” This OG book is a great guide for beginner’s looking to learn about the basic concepts of mobile home parks and manufactured homes. I would suggest reading Lonnie’s books last since they are much more expensive than the others. However, if you want to go full Warren Buffet mode and become an expert by studying the classics, read these last. By the end of this marathon of books, you will be inspired to be the GOAT of mobile home park real estate investing!
In Summary
Whether you are looking to invest in the whole park or mobile homes, there is no doubt that you will find everything you will ever need with these books to invest in mobile homes and secure your wealth for life.
I remember when I first set my mind to become a successful real estate entrepreneur, reading books were the fastest way to consume information. Now it’s even easier with my Audible and Kindle because I can listen when I’m on the road or load dozens of books on a single device. I know you will become successful too as you have taken the time to get this far, cheers to your journey!
Before you go, check out my list sharing the 7 Essential Books for Beginner Real Estate Investors