#34: The extraordinary market volatility the last couple months has been enough to wrench the stomachs of even the most battle-hardened investors.
Right now, the markets are on a tear and have recovered most of their losses since the coronavirus sent us running for cover.
But the kind of top to bottom -35% freefall we saw in one single month earlier this year is exactly the kind of whiplash that destroys an early retiree’s confidence when it comes to retirement withdrawals.
That’s why it is so crucial for at least part of your portfolio to be stable cash-flowing assets. Stable cash flows that don’t go poof when the market tanks will help tide you over to the recovery, whether recovery takes 3 months or 3 years.
We’ve been talking a lot about real estate the last few episodes. One richly cash-flowing real estate asset class we haven’t talked about yet is mobile home park investing.
In this week’s podcast, I chat with mobile home park investor Andrew Keel about this unique real estate investing strategy.
Andrew owns and operates more than 1,000 mobile home lots across 17 parks in 7 states. He shares insight on how wealth is built with mobile home parks by owning the land and not the homes that sit on it.
Have you or anyone you know invested in mobile home parks before? If you’re intrigued but hesitant, what concerns do you have? Let me know by leaving a comment when you’re done.
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Links mentioned in this episode:
Intro/Outro: Old Bossa by Twin Musicom.