First off i love going house shopping and just going to look at houses, i love houses. What i want to do after i graduate is to own trailer parks and suburb homes and rent them out, if i start with 500k lets say and i buy a trailer park for 500k straight up, no loans or anything and i get the rent from that park and save up and save up and then just keep buying houses and trailer parks slowly will i be successful? And how and can you be successful investing in real estate in the stock market?Anything will help,Thanks
yeah but you have to know your stuff and be able to talk things up!
As for the first question: Do your homework first. Renters in a trailer park could be long term and a good source of income. Or, they could be squatters and a huge drain on YOUR income. Talk to the residents, the manager and others first. You might be better off with a small apartment complex or duplex or houses where there are likely to be roommates like near colleges first. As to the second question, I am not sure I understand but if you mean be successful in real estate instead of the stock market, there are no guarantees but you need to buy low and then have a stable recurring income source to beat inflation. If you wanted to invest in real estate IN the stock market, there are REITs (Real Estate Investment Trusts) and other ways to have money invested for you. As a third option, there are plenty of ways to invest in real estate without having to be a property owner or a landlord.
