Mobile Home Investing in Indianapolis

[Jennifer Fields]

Hi Everyone,

Is anyone familiar with any mobile home parks in the Indianapolis area that allow investors to purchase a mobile home within the park, and then lease to own it to a tenant once any improvements have been made? I was prepared to make an offer on what would be my first mobile home, only to be told that the person that purchases the home must live in it. I mentioned that the tenant would actually own the MH, although a lien would be held on the property until the payments were completed. I also stated that any tenant would be directed to complete the park's application process. The park had several empty lots, so it seems disadvantageous for them to turn away prospective tenants that would be open to purchasing the home.