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Updated almost 9 years ago,
First MHP Purchase
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!