America’s growing affordability housing gap is forcing many people to reassess the traditional single-family home and look at mobile home communities as an alternative.
There is a shortage of more than 7.2 million affordable rental homes for extremely low-income renter households, defined as those with incomes at or below the poverty level or 30% of their area median income. To make matters worse, the lack of affordable for-sale homes drives up rents and increases prices of multifamily investment properties.
Diversification is a term we most often associate with financial planners and stockbrokers. You almost never hear it when visiting with real estate investors. The goal of diversification, regardless of the investment, is to reduce the investor’s overall risk.
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