By The Daily Crux:
Philip Fraser thinks he's found the world's best way to invest in real estate. He calls himself Canada's Trailer Park King, and, as CEO of Killam, his oversees one of the country's largest trailer park operators.
Its 55 trailer parks account for just 25% of its revenues - the rest come from its apartment operations - but the high-margin business is a huge reason it's set to post its first profit in 5 years.
Fraser believes it's the best business in real estate because "it is pure cash flow." He likes to think of the parks as "annuities that gush cash no matter how the economy performs."
Read full article...
More on real estate:
Five key strategies for moving up to a nicer house
Real estate guru Zell has half his money in this country
Real estate insider: Market could soon see the "bottom fall out"