Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 9 years ago,

User Stats

4
Posts
0
Votes
Tyler Cheramie
  • Baton Rouge, LA
0
Votes |
4
Posts

First MHP Purchase

Tyler Cheramie
  • Baton Rouge, LA
Posted

Hi my name is Tyler

Long time lurker first time poster. I'm thinking about purchasing my first MHP, I have a couple questions for you guys let's get to the numbers.

- Purchase price is $99,500 park has 14 pads. 8 are rented 2 are being rehabbed 2 are deemed unlivable.

- City sewer

- City water

- I've got a written note from urban housing and development saying that I'm in compliance & would be grandfathered in.

Is this a good deal? How much should I offer? The two that are deemed unlivable, should I renovate them and use them to rent to own? Or should I remove them? My concern is if I move them the city wants to come in and do a elevation evaluation..

Thanks in advance guys!

Loading replies...