"Shark Tank" star Barbara Corcoran, a renowned real estate mogul, surprised many when she acquired a double-wide trailer in Los Angeles. In a YouTube video tour hosted by TikTok sensation Caleb Simpson, Corcoran showcased her unexpected mobile home purchase, challenging stereotypes associated with such residences.
In the opening moments of the video, Simpson poses a question that sets the tone for the tour: “Who would have thought Barbara Corcoran would have her own trailer?”
Corcoran’s response challenges conventional expectations. “Why not?" she asked. "Who would have ever thought that you could make a trailer look this good and have a double wide?”
Don't Miss:
- Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
- Miami’s housing market value has soared over 86% in the last two years and some investors found a simple strategy to profit from it. Here’s how you can do the same in these four cities poised for massive growth.
Purchased for $800,000, with an additional investment of $150,000 in renovations, Corcoran’s Pacific Palisades trailer stands out in the world of mobile homes. The average cost of a new double-wide trailer in the United States typically ranges from $120,000 to $160,000, including delivery expenses.
She expressed her appreciation for the breathtaking view, emphasizing her love for the terrace. During the tour, she showcased her bathtub, saying that it cost more than all of her furniture combined. Despite the trailer’s $1 million price tag, Corcoran said she would have paid $10 million for it.
During the tour, Corcoran said, “Here’s my Taj Mahal — everything’s little.” Inside, the trailer exudes a bright and sophisticated atmosphere, embracing an open-concept design. The unit has 2½ bedrooms, two baths and a patio with seating for eight, providing an inviting space for relaxation.
How did Corcoran come to possess the trailer? She knew about the trailer park and admired the stunning views it offered. Corcoran approached the owner and expressed her interest in purchasing the property. Initially reluctant to sell, the owner stated she’d be open to a deal in a year. But Corcoran’s persuasive skills came into play, and she convinced the owner to sell immediately by offering lifetime access to the unit. Corcoran added that the former owner has used the trailer twice so far.
Reflecting on her acquisition, Simpson said, “I think I like this more than the New York City home.” Corcoran’s response echoed his sentiment, solidifying her affection for the double-wide trailer, its renovations, and the million-dollar view it affords.
The American Dream is about people finding their place, their space and making it their own, regardless of whether it’s a house, a trailer or a condo. It’s about achieving a sense of security and comfort in a space they can call their own, no matter its size or shape. For some, this may not necessarily involve owning a home at all; some may choose to rent and never own a house.
Read Next:
- Elon Musk has reportedly bought 6,000 acres of land just outside of Austin. Here’s how to invest in the city’s growth before he floods it with new tech workers.
- Most investors are priced out of buying real estate in the highest-growth markets, but this genius strategy will allow almost anyone to get a piece of the action.
Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Jeff Bezos gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.