Trailer Cash is today's most comprehensive and practical introduction to Mobile Home Park investments. In her no-nonsense guidebook, Jamie Smith shares the dos and don'ts from her own personal experience in order to supply you with everything you need to know to get your MHP business started. Key topics include: . The wheres and whys behind prime MHP locations . A time-tested MHP property evaluation checklist . The nitty-gritties of contractual agreements . Ten deadly MPH myths to ignore . Information gathering: how to effectively work the market . The Success Equation: Capitalization Rate and Cash-on-Cash return . The ins and outs of profitable property maintenance . The moral contribution: providing housing for the poor.
The author begins by presenting the basic principles and practices of real estate investing. He then applies these principles to mobile homes, covering every step of the investment process from choosing a home to financing the purchase, negotiating the price, improving the property, and selling or renting for maximum gains. Whether you are looking for a smart addition to your portfolio or searching for a new and different business, this book will forever change the way you view mobile homes.