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
Mobile Home Park Investing
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 about 5 years ago on . Most recent reply

User Stats

62
Posts
37
Votes
Harold Anderson
  • Investor
  • Hubbard, OR
37
Votes |
62
Posts

Renting a mobile home in a 55+ park

Harold Anderson
  • Investor
  • Hubbard, OR
Posted

that doesn't allow rentals in Oregon.

I'm looking for a way to take advantage of a nice, older single wide MH in a 55+ park.  I talked to the manager this morning who said they don't allow rentals in the park.

The owner was an older woman.  Her son moved her out of the MH into his home, telling the manager that he would agree to pay one month rent and, if the MH didn't sell, he would donate it to the park so he wouldn't have to pay rent beyond that.  The manager told me that he's not interested in managing a rental.  We talked about different alternatives.  I became aware that they did bend the rules in other areas.  The owner is new and is looking for ways to increase his income so I doubt that he'd want to see a space vacant while they renovated the MH to rent it.  

I'm considering returning and suggesting a solution to their problem is that they bend their rules.  In exchange, I'll take over payments of the space, renovate the MH, and rent it to tenants who meet their approval.  I'll agree to keeping the home to their standards at a minimum.

I've also considered buying it and moving it to a different park.  The manager addressed this saying that no mover would move the MH because of it's age.  

Does anyone have other ideas as a solution to this problem that I can get a MH very cheap but can't rent it out or move it (and is there really a problem with moving an older home?)?

Loading replies...