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Updated almost 9 years ago,
Looking for advice from out of state mobile home park owner
Hi everyone,
I'm looking for some advice from mobile home park owners that are out of state owners. I'm considering purchasing some parks that I have found that are located in another state. I live in Washington and they are located in Missouri/Illinois. These parks are in mixed conditions and some require work and some need to be filled with renters to get in the black. I understand these issues and the time commitment that each bring to the table. I would like to get feedback to see what I have not thought about before committing to this investment.
I would like to know what is the biggest challenge besides the distance?
If you had to do it over, what would you change?
What is something unexpected that you have learned from being an out of state mobile home park owner?
Thanks everyone! I look forward to your help.
Sincerely,
Yany Rivera