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Updated almost 10 years ago on . Most recent reply
Mobile Home Park Investing Questions
Hi, I'm new to BP and have not yet had the time for a formal intro but I've been around a bit and read/learning alot from this great community! An opportunity has come up and it is on somewhat of a time crunch so I have a few questions. As well, I'm new to the MHP idea of investing...
1-how or what is the typical way to own a MHP (I'm in Canada)? Is is ok/normal to own personally, or would it be wise to own using a holding company?
2-how much does MHP manager cost? The numbers i have been given i believe exclude this and I'm wondering what costs are involved in this position?
The given expense ratio is about 30% and the cap rate is 13%ish.
Thank you for taking the time to read and respond.
Curtis
Most Popular Reply
Hi Curtis!
Check out the podcast that was just recorded on this very subject. It is very informative on what to look for in a MHP.
Best of luck to you!
Gina