![]() ![]() Some parks are so old and rundown that they just close up shop. Developers are gobbling up the land for other uses, or the pressure from city planners results in their demise. The number of mobile home parks in America is dwindling. Manufactured housing is the only asset type I’m aware of that has an increasing demand and a decreasing supply every year. And this investment class makes a whole lot of sense to me. Investors in manufactured housing live where we want to-and invest where it makes sense. However, this is changing quickly as many investors at all levels have caught on. This stigma is one of the reasons I now love investing in mobile home parks. I turned my nose up at mobile home park investing for years, and in fact, I barely considered the prospect. And his investment in mobile home parks has been part of his formula to become America’s most successful real estate billionaire. Sam Zell saw this opportunity before almost anyone else. But, like most real estate investors at the time, I turned my nose up at the prospect. Years ago, I had a chance to invest in mobile home parks. That’s what happened to me on numerous occasions in earlier decades. Most of these speculative investments come to nothing and leave their investors disappointed. That was worth about $4.2 million a decade later (and, even after Bitcoin has dropped in 2022, it's still worth about $2 million).īut let’s be honest. Or did you hear about the guy who sold about 100 Bitcoin to pay off his $600 debt to a friend? He bought some tools from the guy, and his friend begrudgingly accepted this questionable payment. He said those shares would be worth millions today. He was strapped for cash once and sold his shares on a whim. I know a CPA who invested with Warren Buffett in the 1970s. Physician Wellness and Financial Literacy Conference – Park Cityĭo you ever fantasize about investing in Apple in 1990? Or in Amazon in 2001? Or in Berkshire Hathaway in the ‘70s?.Continuing Financial Education – Las Vegas.Financial Wellness and Burnout Prevention for Medical Professionals. ![]()
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