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Updated over 2 years ago on . Most recent reply
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Mobile Home park investing?
I have an opportunity to buy a mobile hole park, I am looking for some insight on what to look for and what important research that needs to be done that may be considered outside the box.
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- Real Estate Investor
- Ste. Genevieve, MO
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Before you invest a penny you need to devote at least 50 hours to learning how the business works. There is a huge amount of content out there, both free and for sale. Buying a mobile home park is as complicated as flying an airplane, and you can't get even 1/1000000000th of the information you need on a forum. In short, there are five drivers to a good park: 1) infrastructure 2) density 3) economics 4) age of homes and 5) location. Until you know all of these things backwards and forwards, I would not risk any capital in any deal.