Mobile home parks can be a gold mine, as Pasha Esfandiary quickly discovered. He left his professional poker lifestyle and began purchasing parks across the country. Owning mobile home parks doesn’t sound glamorous, but it’s one of the most lucrative investment properties, with the lowest rate of mortgage delinquency in any real estate sector out there. For investors, this is a golden opportunity to purchase poorly managed properties and to turn them around. Bettering the community and your portfolio all at the same time.
Pasha’s company, Evoke Capital currently manages over 1800 units and brings in $5-6M/month. In this episode he shares his expert insights on what to look for in a mobile home park, what pitfalls to avoid, and how you can begin with very little upfront capital.
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