In this video we team up with Mobile Home Elite investors to buy a mobile home park in NC. Our friends Byron & Sharneice from Mobile Home Elite investors flew down from Chicago. This vlog documents The Polites & MHE in phase 1 of the due diligence process, walking the mobile home park. Identifying opportunities to add value, identifying repairs and changes that need to be made. This step is very important.
Mobile home parks offer one of the highest cash on cash returns in all of real estate investing. This is why investors such as Warren Buffet and BlackRock and others have invested heavily in the mobile home and mobile home park industry. Combine that with a nationwide shortage in affordable housing and you have a tremendous opportunity to do well while doing good.
We'll keep you posted as this deal progresses.
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Dedric & Krystal are stars of "50/50 Flip" on A&E & Hulu TV. The Polites are rare keynote speakers, coaches & entrepreneurs that actually own & operate multiple highly profitable 7 figure businesses.
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