Real estate investors have MORE opportunities when there are fewer first time homebuyers.
Let me explain.
We’re hearing about the ‘affordability crisis’ everywhere we go. And because of that crisis, first time owners are at a record low of 21% of all home purchases.
Most people are opting to rent as they’re unable to afford to down payments, closing costs, and the commissions that come with a purchase.
HERE is where the opportunity lies.
There *is* a way to reignite first time buyers by bringing back the affordability into real estate.
I’m talking about buying land, put a NEW manufactured home on it, and then selling it.
A.K.A Land Home Packages
Investors doing this are getting 1 acre lots for $30K, placing a prebuilt $90K home, and selling for over $200K all within 3 months.
That can be a check for at least $30K doing less work than a flip at half the time.
Pretty decent profit for an investor and a HECK of a deal for someone who never thought they would own a home in their lifetime
BONUS- for the buyers, these homes are coming with some acreage if the home owners decide they want a more traditional home they have the opportunity to save up and build on their own land.
While flippers and builders focused more on luxury homes they’re missed profitability and *necessity* of the Land Home Package strategy.
Does this make you rethink your current strategy?