As a new investor, I was told there were many things I must learn and many disciplines that I must master to become wealthy. Two of the most important concepts I learned, while simple to comprehend, are also the hardest to master for many investors. After having spent the last dozen or so years utilizing them, I can say whole heartedly that all investors would be wise to incorporate them into their own philosophy:

Continue reading “Create Your Own Cash Flow Generator”

  
   As we discussed in an earlier article, rising interest rates and housing prices make it difficult not only for the investor to find attractive deals, they also shut many potential home buyers out of the market.

Continue reading “Low Entry Cost + More Deals”

  In many areas of the country today, investors are finding greater competition for fewer deals. Rising interest rates and housing prices make it difficult not only for the investor to find attractive deals, but also shut many potential home buyers out of the market. What can you do about this situation?

Continue reading “Niche Market = Wealth”

You’ve no doubt heard the complaint: everything just keeps getting more and more expensive, especially housing! All one need do is review housing costs across the country over the last few years to confirm the validity of that statement. The only thing that most people would complain about not going up as quickly is, of course, their wages! As housing costs continue to rise, will investors still be able to make money investing in the housing market? Of course!

Continue reading “Affordable Housing in High Demand”

  Now that we've found our acquisition candidate and have come to a preliminary meeting of the minds with the seller, we need to spend some time and money to see if we want to take the "relationship" further. Before we get too deep into the process, there are five items we should be aware of and think about as we progress.

Continue reading “Turning Trailer Courts in to Communities Part 4”

  In Part 1, we talked about some of the things that make manufactured home communities ideal investments and the different types of communities we're liable to run into. In Part 2, we discussed how community values are determined using the income valuation approach, how the NOI, (Net Operating Income) is arrived at, and the basic premise behind the Cap (capitalization) Rates.

Continue reading “Turning Trailer Courts in to Communities Part 3”

 In Part 1, we talked about some if the things that make manufactured home communities ideal investments and the different types of communities we're liable to run into. Now let's look at placing a value on them.

Continue reading “Turning Trailer Courts in to Communities Part 2”

We find out we aren't trees
Early in our investment career, my wife Ana (then girlfriend) and I bought the now infamous book Deals on Wheels by my good friend Lonnie Scruggs. After a frustrating period of time working our local market area (which at the time was Los Angeles), and only putting one deal together, I told Ana it seemed the community owners and mangers treat these properties like their own private playgrounds, and they weren't letting us play!

Continue reading “Turning Trailer Courts In To Communities Part 1”