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
Starting Out
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 over 6 years ago on . Most recent reply

User Stats

27
Posts
7
Votes
Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
7
Votes |
27
Posts

I just put an offer on a mobile home park

Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
Posted

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

User Stats

27
Posts
7
Votes
Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
7
Votes |
27
Posts
Joshua Briscoe
  • Rental Property Investor
  • Bangor, ME
Replied

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After looking at the numbers I've rescinded my offer.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. 

Loading replies...