Real Estate Investing in Florida » affordable income community https://investfloridashow.com Property Investment Podcast Fri, 24 Jan 2025 20:40:28 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 Looking for an edge in the real estate investment market? Not sure which markets or market segments offer the best opportunities or which strategies to implement? You have come to the right place….Hosts Eric Odum and Steven Silverman blend decades of combined experience in the Florida real estate investment market along with their expert guests covering topics in lending, investment strategies, property management and development…. giving you actionable investment ideas each and every episode you can use to learn and grow….all with a Florida twist. So, sit down….turn it up….and get ready to learn how experienced investors grow their cash flow and achieve their real estate investment goals. This is the “Invest Florida – Real Estate Show” Eric Odum, Steven Silverman no Eric Odum, Steven Silverman eodum@floridatriplenet.com eodum@floridatriplenet.com (Eric Odum, Steven Silverman) ©2014 InvestFloridaShow.com Actionable real estate investing ideas each and every week. This is a podcast for every real estate investor looking for cash flow opportunities - the difference is, we offer a Florida twist. Florida investment real estate, apartment investing, retail investing, triple net properties, florida development, property management, investment ideas, multifamily, single family, foreign investors, passive income, syndicated real estate Real Estate Investing in Florida » affordable income community https://investfloridashow.com/wp-content/uploads/2014/10/Cover-Art.jpg https://investfloridashow.com Tampa, FL How to Make $100k Investing in Mobile Home Parks https://investfloridashow.com/make-100k-investing-mobile-home-parksw/ https://investfloridashow.com/make-100k-investing-mobile-home-parksw/#comments Mon, 21 Sep 2015 09:00:22 +0000 https://investfloridashow.com/?p=657 Don’t miss a single show! Get the Invest Florida Show Mobile App! Click here—-> Apple Android Mobile home parks seem to have earned an unjustly bad rap in the investment game. As a primarily affordable income based asset class, mobile … Continue reading →

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Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

449Mobile home parks seem to have earned an unjustly bad rap in the investment game. As a primarily affordable income based asset class, mobile home parks have received the reputation of being an investment with low returns and little value to an investor’s portfolio.

Mike Conlon, the “Mainstreet Millionaire” has some pretty convincing arguments that prove otherwise. After cutting his teeth in the Florida multi-family market, Mike bought his first 4-acre, 80 unit mobile home park in the mid-2000s. Now President of Affordable Communities Group (ACG) Mike’s company owns and manages 25 mobile home communities throughout the southeast. With each complex netting over $100k in returns, Mike shows that with due diligence and an emphasis on community, mobile home parks may present a sizable addition to any investors’ portfolio.

  • Mobile Home Park or Trailer Park?
    • Change the paradigm: affordable housing is not sub-standard
  • Property Class with Room to Grow
    • +50k parks in U.S.
    • No new developments in past 20 yrs.
  • Low Turnover on Units, but Stable Revenue Base
    • Permanent living situations for majority of residents
    • Costly and difficult to tow a mobile home, low incentive to leave
  • Own the Soil, Not the Unit
    • Easier and more cost-effective to lease space to mobile homeowners.
  • Recession-resistant… With Proper Management
    • Property class affected least by economic downturn
    • Demand for affordable housing increases during recessions
  • How to Earn +$100k
    • Know the area and the market
    • Stay within 30-40 min of metro areas
    • Look for high-occupancy complexes or look to improve occupancy
    • Build communities and increase resident involvement

You can get Mike’s best-selling book, Unconventional Wealth: The New Main $treet Millionaires on Amazon

Mike attributes his success in real estate to the book Rich Dad, Poor Dad, available on Amazon

Interested in a mentorship under Mike? Want to stay up-to-date with market news and information? Visit Mike’s website www.mainstreetmillionaire.com for these resources and more!

For more information on Mike’s mobile home parks visit acgmhc.com

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