Byron and Sharnice Sellers transitioned from aspiring real estate investors to successful mobile home flippers after discovering the potential in this overlooked sector. After researching, they took out a $10,000 high-interest loan and identified two mobile homes near Chicago to purchase for $4,300. After refurbishing one unit, they sold both mobile homes for a combined profit of nearly $20,000. The Sellers' experience highlights how mobile home investing provides a low-cost entry that is appealing to new entrepreneurs, particularly those from diverse backgrounds, amidst rising demand and stable returns.
Byron Sellers had wanted to get into real estate investing for years, but the deals he came across were always prohibitively expensive.
The Sellerses did some research, took out a $10,000 high-interest consumer loan, and began poring over Google Maps to locate trailer parks near Chicago.
This is mobile home investing, an unsexy, little-known sector that happens to be recession-proof, meeting a nearly bottomless demand.
Its low price of entry is allowing an entirely new crop of entrepreneur - many of them Black, as the Sellerses are, or coming from very modest backgrounds.
#real-estate-investing #mobile-home-flipping #entrepreneurship #diverse-investors #affordable-housing
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