My brother in-law who is an appraiser came to my house this Christmas and we began to discuss my interest in purchasing my first mobile home park. Of course, my brother in-law was ready to share all of his ideas about mobile home parks gained from his years of experience as a commercial appraiser. The bottom line according to him is that I would be better off to invest money in a manufactured home REIT rather than deal with all of the attendant management issues associated with owning a mobile home park.
He claims that REITs are currently paying around 13%.
Is there any validity at all to his comments?
As an aside, I invited my brother in-law to accompany me and my wife to the boot camp in January. I am looking forward to attending and learning as much as I can.
Thanks in advance for your answer.