Newbie Question On Buying Mobile Home Park

[Lance Howe]

Looking at an off-market deal for a small mobile home park with 6 units total. 4 single wides 2 doubles on 6 acres in a small community in Wyoming. All early 70s to early 80s units. 2 definitely in need of repair and updating and the other units are let's just say need to be updated as well. This would be our first real estate deal ever, what kind of questions should we ask and what things should we look for? When analyzing this kind of deal, are there any creative financing ideas? Especially, when the owner is not open for seller financing?  What types of loans can you get on a mobile home park?