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. Corey’s first mobile home park was a learning experience that he has been able to provide to countless students of MobileHomeUniversity.com.

Young and free, Corey Donaldson spends his days as he chooses, managing his investments from afar. Mobile Home Parks have made him independently wealthy, enabling him to take on other endeavors, such as educating others on the intricacies and riches of Mobile Home investments. For the past two years he has been involved with “Mobile Home Millions”, a Manufactured Home investment conference with partner and industry icon Steve Case.