by Abhi Golhar


current value of the home to be, you want to buy it at a lower price. That locks in a profit at the closing table and provides a higher ROI when you sell. CREATE A POSITIVE CASHFLOW You must do a thorough analysis of the costs of ownership and the expected rent you can charge. That allows you to determine if you can structure your investment to pro- vide your desired monthly cashflow. You want a positive flow of monthly cash over and above your actual cash outlays. You also get some great tax breaks from owning rent- al property, one of the best being the depreciation deduction. If you can construct a rental prop- erty investment that meets these criteria, your success is almost as- sured. You will see your investment grow in value over time while you're banking cash every month. •

Find the areas where people want to buy homes, and you'll probably find them popular with renters as well.

eal estate investing has become a hot topic, and there

are countless books, courses, and television shows about different real estate investment strategies. Owning rental properties is the foundation of several approaches. For long-term wealth and a lavish retirement lifestyle, a portfolio of rental properties is the key. What makes a great rental property investment? Here are the most critical considerations for selection and acqui- sition of the best single-family rentals for a long-term wealth portfolio. LOCATION The old real estate saying about location, location, location rings true for rental properties as well. You want to find homes in popular residential areas; sometimes they're related to a nearby major employer. At other times, it's about the age of the neighborhood and the style of homes, or the proximity of the area to a major city or green belts. The location saying began as a description of the most important aspect of buying and selling prop- erties. Renters want to live where buyers live. They have most of the same selection criteria, except they want or need to rent instead of buy.

READY TO RENT This discussion isn't of fix-and-flip or rehabbing homes for rental but is instead for the average investor who wants to buy a ready-to-rent house. Shop the market of homes listed with real estate agents, but often they're priced at the top of the market. If you can wait out one that isn't selling, you usually can get a better price that might meet your cashflow needs. Otherwise, you can watch online sites like and others to find FSBO (for sale by owner) homes. Your ability to locate distressed owners can produce a viable investment. APPRECIATION IN VALUE OVER TIME You want to purchase a home in an area that has historically shown appreciation in value equal to or greater than other areas. Your ultimate disposition of the house will produce a higher ROI (return on investment) if you can buy in an area with substantial appreciation.

Content provided by Chimene Van Gundy, Mobile Home Millions


ou know by now that you can stand to make a sizable fortune

• Plumbing and electrical • Fire safety • Energy efficiency

When you take the 3 M’s and you compare them to site-built homes, you may be hard-pressed to distin- guish any telltale differences. But when you are in the process and walk beside a homebuyer building a site-built home, you will then see the major differences along the way: time, cost, and options. The truth is, many more upgrades are available for the budget-friendly and highly economical mobile, manufactured, and modular options. •

from mobile home investing, but do you understand the difference in the “M’s” behind the millions? Often- times, what is typically referred to as a mobile home, is likely to be either a manufactured or a modular home. While mobile homes and man- ufactured homes may be inter- changeable to much of the general public, and often used to describe the same sort of housing, the Na- tional Mobile Home Construction and Safety Act of 1974 distinguished the difference between the two. The primary differences were later further deliberated and dif- ferentiated within the only national building code to be federally regu- lated. The HUD Manufactured Home Construction and Safety Standards lists these differences as: • Design and construction • Body and frame requirements • Thermal protection

In the same manner in which both mobile homes and modular homes are built, sections of the modular homes are built in a facility that is climate controlled and designed for the specific use of home building. Modular homes are built to comply to the local, regional and state codes of the home’s intended final destina- tion. This is, of course, the same as site-built homes. Homes can be built with as many as five sections that are transportable and are joined to one another upon reaching the end location. Local contractors special- izing in the joining of the parts are brought in at this point. Typically, any required inspections are done once the home’s setup has been finalized at its final location. Modular homes can vary from two to five sections based upon the size. They can even have multiple stories.

Chimene Van Gundy is the mother of five children, and she runs and manages five different companies. She is known as the "The Mobile Home Millionaire" and “Queen of Mobile Homes” because she has fixed,

flipped, and wholesaled more than 400 units to date in four years and in 11 states. She currently owns 20 mobile home parks and has taken her business international by rehabbing mobile homes in Ireland, where they are called “Holiday homes.” Chimene is on a mission to preserve the “last frontier of affordable housing for the U.S.” and is currently teaching others how to use these “little boxes that spit out cash” to change their lives and live the life of their dreams through her mobile home millions platform.

Abhi Golhar is a full-time real estate investor, Think Realty Resident Expert and host of Think Realty Podcast. Connect with Abhi at

BUY BELOW CURRENT MARKET VALUE Whatever you determine the

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