Austin, TX (PRWEB) January 17, 2008
While millions of teens storm the beaches of Fort Lauderdale, savvy real estate enthusiasts will be heading to Austin, Texas for Mobile Home Millions 6 and a spring break dedicated to the art and science of mobile home investing. Mobile Home Millions 6 ('MHM6') is an intensive three-day knowledge and networking-focused event presented by Mobile Home University, the leading online website for mobile home and mobile home park investor education. This year's event will be held from April 18-20 at the Sheraton Austin Hotel, in the heart of Austin, TX.
Now in its sixth year, the Mobile Home Millions conference has established a powerful legacy of helping new investors get started in the business and existing investors increase the profitability of their investments. This year's event will be no different. Mobile Home Millions 6 will cover a wide range of subjects including how to get started with mobile homes and mobile home parks, how to obtain financing, and how to turn part-time investing efforts into a full-time passive income. In addition to the educational information parsed out during the numerous educational sessions, one evening of the long weekend will be devoted to one-on-one brainstorming with the experts. The event also includes a number of networking opportunities that will allow conference participants to build relationships with real estate entrepreneurs and investors from all over the country.
The MHM6 roster of speakers will include industry legend Lonnie Scruggs, the 'father' of the used mobile home industry, as well as Dyches Boddiford, Steve Case, Blake Donaldson, Tony Colella, Pete Youngs, and others. "Mobile homes and mobile home parks can be tremendous financial assets," reports Corey Donaldson, one of conferences featured investment gurus and co-founder of Mobile Home University. "Just ask Warren Buffett."
Follow The Leader
Since 2003, Warren Buffett has become the nation's number one manufacturer and holder of mobile homes notes by acquiring Clayton Homes for a cool $1.7 billion and bankrupt Oakwood Homes in 2004. "Manufactured housing...can deliver very good value to home purchasers,'' he explained in his 2003 shareholder letter. "Indeed, for decades, the industry has accounted for more than 15% of the homes built in the U.S.''
Mobile home parks, also referred to as manufactured home communities, are "a perennially stable real estate investment, as evidenced during 2006, by its improving 91.3 percent national average occupancy rate and attractive 41.1 percent average operating expense ratio." (Source: Allen Report, an analysis of more than one-quarter of the approximately 500 portfolio 'known' owners and operators of land-lease communities in the U.S. and Canada)
Rich Man, Poor Man
Donaldson is quick to point out that, "You don't need Warren Buffett's deep pockets to invest in mobile homes and mobile home parks." Whether you have cash, equity, or are "willing to put in sweat equity," says Donaldson, it is possible to use mobile home investments to create a lifetime of cash flow. "But you do need a solid foundation and education in the business."
For more information about Mobile Home Millions 6 or to learn more about the educational resources offered by MobileHomeUniversity.com, visit http://mobilehomeuniversity.com/mobilehomemillions/.
About Mobile Home University
http://www.MobileUniversity.com is the leading online website for mobile home and mobile home park investor education, providing hard-hitting advice and information to investors about the mobile home industry. Mobile Home University presents a full range of teleseminars, bootcamps, and live events, including Mobile Home Millions, now in its sixth year. Visitors to MobileHomeUniversity.com may access free articles, an active forum, and a topical and timely blog, as well as opt-in to a free investor's ezine.