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Updated over 6 years ago on . Most recent reply

I just put an offer on a mobile home park
I just put in an offer for a very small mobile home park 10 spaces. Supposedly these are all tenant owned. Does anyone have any suggestions for insurance companies? Any other advice from veterans would be greatly appreciated.
Most Popular Reply

Thank you Ryan Groene for the information.
After looking at the numbers I've rescinded my offer. I was working through an agent (a big headache) who was telling me that the mobile homes were tenant owned, but the tax records listed them all as being held by one person (not the owner).
The up side would have been great. I could have added $1500-2000 in cashflow by adding/fixing up 4 homes, but the uncertainty of the condition/ownership of the other homes made me back out (at least for now).
I just sent out my first batch of letters of inquires to potential park owners so I will see where that takes me.