Mobile Home Park Investing in Rural Areas

[Deren Huang]

Just walked a huge value add mobile home park in a rural area (Population 4,000)

Cashflow is great, financing may be tough, but ultimately what scares me is the exit strategy, most homes are owned by park. 

What are some good tips to be attractive to buyers in rural markets? 

[Matt McCurdy]

Hey Deren,

I've been fearful of rural MHP's as well, but if there's good employment around the small town (within 30 minute drive) and/or there's a larger metropolitan with 30-45 minute drive you will be ok.  The affordability will draw people to the lower priced mobile homes/lot rent.

I bought a MHP with a population of 25k and was a little hesitant, but with the jobs and a larger metropolitan within 45 minutes, I have a waiting list for people to purchase on contract MH's I move in.  I primarily use Facebook marketplace and have enough leads through this.

Good luck!