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Updated over 15 years ago,
Troubled MHP...Worth it?...
I've been looking into MH investing for quite some time now (amongst other things) and recently I drove to a MHP near my work place. I drove around and found a bunch of homes for sale and/or abandoned. The situation that gives me the "red flag" alert is that I could honestly say that nearly 1/2 of the park was empty homes.....I plan on looking deeper into the reason behind this but I guess I'm wondering if I should waste my time or is this an obvious sign of trouble to sell a home there? FYI: The MHP was not a bad looking place when occupied, now it looks a little run down. (due to the abandoned/empty homes).