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Where do you find Mobile Home Parks for sale?
I've been hearing a lot lately about mobile home park investing. Not just buying a couple trailers and renting them out, I'm talking about owning the whole park. I don't see them for sale on LoopNet or on the MLS. Any ideas?
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I am brand new to mobile home park investing. Do you still have that E Book by Dave Reynolds you could share with me as well?
There are several sites, but the best one I have found is themobilehomeparkstore. I have listed and sold 3 parks in AL and have one listed now on this site. Hope this helps.
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I actually have a contract on a mobile home park if you are interested. If you understand the investment and are interested...let me know and I'll send you the details.
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Talk directly with older mobile home park owners and make friends of them!
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@Ken Rishel I own and manage a couple of rentals. would like to get into moble home parks. Do you own any?
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@mathew where is it at?
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Originally posted by @Trevor Rutherford:@Ken Rishel I own and manage a couple of rentals. would like to get into moble home parks. Do you own any?
Not anymore. At one time I owned 12 investment grade parks and some smaller parks but I sold the last one in 2017. We have also sold most of the consulting company and only work now in a couple of areas. We are still the largest consultancy dealing with Fair Housing and the Americans with Disabilities Act working with land lease community owners and we are still consulting with Lonnie Dealers who need a legal lending method.
I rarely bought pre owned homes anyway. Marc likely has the best advice for you.
Sorry.
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@Ken Rishel what is an investment grade park?
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Originally posted by @Trevor Rutherford:
@Ken Rishel what is an investment grade park?
over 500 pads
How about https://mobilehomeparkmarket.com/ ... ?these dont (all) seem to be on loopnet ... so possibly a resource? I am fresh and green into mhp investing, looking for my first mhp investment, etc. so apologies for any ultra-novice questions. I will take some of the book recommendations from this forum, but as i have a background in tech, i am ever searching for a web-based advantage / approach...
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@Bryan Wilhelm did you and your partner end up closing on any of those parks you mentioned in this thread some 2 years ago?