Yes, you can still make money.
However it is my personal advice to you and my current members to first begin investing in areas around your city or outside of your city with lot rents closer to the $500-$600 per month range.
When you drive and begin to look for mobile homes inside parks with lowered lot rents you will find more homes for sale, less cash buyer demand, mobile homes advertised with lower asking prices (compared to high lot rent areas) and obviously lower lot rents. These area do exist in every state from California to New York. Begin investing and learning this business in areas with lower lot rent until you have a good understanding of the market and then move to parks with higher lot rent if you desire.
If all the parks in your local city are charging higher lot rents over $1,000 per month begin investing in the outskirts of your town or nearby towns. Parks and neighborhoods on the outskirts of major hot-spot tourist cities will have considerably lower lot-rent fees and home asking prices.
The reason I say “Yes” above is because lot rents rise and fall around the country with local home rents. If your city on average charges $600 for a mobile home lot fee than local rent is typically $1,000 or more for a 2 or 3 bedroom. We do not rent but for comparison reasons we often times do sell our homes monthly for rent prices. On the opposite end of the spectrum if a city has average lot rents of $250 per month than the market rent will be closer to $500-$600 per months for a 2 or 3 bedroom. So you see it is possible to make cash flow in almost any market.
I hope this makes sense. If you have any questions do not hesitate to email me.
Love what you do daily,
John Fedro
support@mobilehomeinvesting.net