Best Park for MH Purchase

[Ian Tudor]

I am in the hunt for my first MH purchase. I have driven around 8 parks in my area, and I noticed a few things that I wanted a second opinion on. I was surprised by the large spectrum of quality in the parks.

- What would you consider the most important aspects of the park to be?

- Besides the besides the basic questions pertaining to lot rent, pet and tenant restrictions, and type of park (family vs 55+), what other questions do you ask park managers?

- What is the smallest park you would invest in? biggest?

- Do school districts matter for family parks?

Thanks in advance,

Ian

[Jefferson Lilly]

Correct, corporate owners are less flexible than small fries like me.  

That said, if I were you, I'd not invest in 'just' the mobile home. Owning the land is much more profitable.  We only own homes because they enable such great returns into our land.  

You should look for a small MHP to buy.  Perhaps you'll need to partner with another investor to come up with the money.  But start there - with an entire park - not with just the homes if you can do it that way.  Think creatively.

You really should come to the MHP Bootcamp offered by the guys at MobileHomeUniversity.com.  It'll be the best money you ever invested ($2,000 or $3,000 for two).

Good luck,

-Jefferson-