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Mobile Home Park Investing
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User Stats

121
Posts
8
Votes
Todd Moriarty
  • Investor
  • Macomb, MI
8
Votes |
121
Posts

Where do you find Mobile Home Parks for sale?

Todd Moriarty
  • Investor
  • Macomb, MI
Posted Apr 26 2016, 08:14

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?

Account Closed
  • California
53
Votes |
145
Posts
Account Closed
  • California
Replied May 21 2018, 14:10

@Josh Zieglowsky  I do. Message me. 

User Stats

1
Posts
0
Votes
Barry Burleson
  • Residential Real Estate Broker
  • Las Vegas, NV
0
Votes |
1
Posts
Barry Burleson
  • Residential Real Estate Broker
  • Las Vegas, NV
Replied Jun 24 2018, 20:55

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?

Demo
Practice finding and analyzing deals
Tulsa, OK
$231,902 - Median Home Value
5.97% - YoY Rent Growth
$1,351 - Median Rental Income
0.58% - Rent/Price Ratio
4.56% - Appreciation
0.77% - Population Growth Rate
Find Deals

User Stats

1
Posts
0
Votes
Replied Jul 26 2018, 13:30

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.

User Stats

525
Posts
92
Votes
Matthew Cates
Pro Member
  • Investor
  • Germantown, TN
92
Votes |
525
Posts
Matthew Cates
Pro Member
  • Investor
  • Germantown, TN
Replied Aug 13 2018, 10:15

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.

User Stats

4,764
Posts
3,370
Votes
Jordan Moorhead
Agent
  • Real Estate Agent
  • Austin, TX
3,370
Votes |
4,764
Posts
Jordan Moorhead
Agent
  • Real Estate Agent
  • Austin, TX
Replied Aug 13 2018, 16:40
@Todd Moriarty there are tons of them for sale on LoopNet. Just go to multifamily and only check manufactured housing.

User Stats

1,403
Posts
495
Votes
Marc Faulkner
  • Investor
  • Kalamazoo, MI
495
Votes |
1,403
Posts
Marc Faulkner
  • Investor
  • Kalamazoo, MI
Replied Aug 18 2018, 18:26

Talk directly with older mobile home park owners and make friends of them!

User Stats

170
Posts
16
Votes
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
16
Votes |
170
Posts
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
Replied Sep 9 2018, 15:21

@Ken Rishel I own and manage a couple of rentals. would like to get into moble home parks. Do you own any?

User Stats

170
Posts
16
Votes
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
16
Votes |
170
Posts
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
Replied Sep 9 2018, 15:26

@mathew where is it at?

User Stats

700
Posts
479
Votes
Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
479
Votes |
700
Posts
Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
Replied Sep 9 2018, 15:29
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.

User Stats

170
Posts
16
Votes
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
16
Votes |
170
Posts
Trevor Rutherford
  • Wholesaler
  • Dayton, OH
Replied Sep 9 2018, 18:29

@Ken Rishel what is an investment grade park? 

User Stats

700
Posts
479
Votes
Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
479
Votes |
700
Posts
Ken Rishel#4 Mobile Home Park Investing Contributor
  • Specialist
  • Springfield, IL
Replied Sep 9 2018, 19:16
Originally posted by @Trevor Rutherford:

@Ken Rishel what is an investment grade park? 

 over 500 pads

User Stats

1
Posts
0
Votes
Replied Nov 17 2018, 15:58

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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User Stats

589
Posts
275
Votes
Mike G.
  • Real Estate Agent
  • Las Vegas, NV
275
Votes |
589
Posts
Mike G.
  • Real Estate Agent
  • Las Vegas, NV
Replied Nov 25 2018, 13:58

@Bryan Wilhelm did you and your partner end up closing on any of those parks you mentioned in this thread some 2 years ago?