Investing in Mobile Home Parks

[LaTanya Green]

Hi all! I recently made the decision to start investing in properties, and i'm thinking mobile home parks might be a good option for me. Is this difficult to get into? If I decide buy my own land, will it be difficult to get approval from the city to make it a mobile home park?

[Joseph Palmiero]

I purchased a 26 pad park about 5 years ago.  You will have to look at zoning in your area to see if they allow a MHP.  You can also look into getting a zoning variance. Local municipalities usually aren't too excited about them.  It might be a heavy lift to start one from the ground up for your first deal.  You may want to look into purchasing an existing park to get started and to learn the ropes of operating a park.