Is a large trailer park better than a large multifamily property? It looks trailers cheaper to buy.

Good question.

No, a large trailer park is not as good as a large multifamily property. First, many of the trailer parks don’t own the trailers in the park; they just charge for parking and then some other fees.

Second, some tenants that are there are more likely to be problematic and will require a different style of management than what you find in a multifamily community.

I understand when you get your spreadsheet out and model the trailer park that it looks like the better deal. Trailer parks are more attractive to investors that want to have tenants that pay in cash and that are looking for a business that offers this advantage more easily.

You simply are lost and confused and need a proper financial education so you don’t do things like this and learn by making this and other beginner mistakes of trying to purchase a trailer park.

You are setting yourself up for a lot of problems and work and it takes a very unique individual to be successful in the trailer park industry. Far nicer to be in a multifamily if you like an easier and less chaotic life.

I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

If you want to learn how to invest, you should register for my free weekly investor meeting to learn more:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
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