Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on .

User Stats

6
Posts
0
Votes
Thomas Loose
  • New to Real Estate
  • Jefferson City, TN
0
Votes |
6
Posts

Looking to deep dive into MHP's and gather any information I can

Thomas Loose
  • New to Real Estate
  • Jefferson City, TN
Posted

Hello,

I've been interested in MHP's for a long while, but I've been stuck in the deal analysis stage.  

I've set up google sheets to just plug in the numbers and get the True Land Value, Park Owned Homes Value, And the True Value of the MHP.  As well as having a set steps to hit major goals that will allow me to buy the land, lease option the homes, sell the notes of those lease options, and then still collect money from the lots. 

On top of that have set goals and checklists in place to make the parks better to justify raising lot rents.  


So my question is, how should I go about finding a owner who will hold the note for a lease option?  
How's the best way to go about asking my local "mom and pop" parks?  Should I call? Send gifts with a letter? or try to find them in person?

Thank you for taking the time to read this, and I appreciate your response.