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Updated over 8 years ago,

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5
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0
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Nate Culkin
  • Investor
  • Chicago, IL
0
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5
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Mobile Home Park in Small Town

Nate Culkin
  • Investor
  • Chicago, IL
Posted

I am looking at a mobile home park in rural Wisconsin, right now it is at around 50% occupation and priced accordingly.  The goal would be to buy it and raise its occupancy as a project.  What I'm wondering though, is how doable this is when the park is located in a town with a population of only 1,300?  I know that the guys from Mobile Home Park University mention that they only focus on parks in towns with much larger populations.

Has anyone had any experience buying a MHP in a town that small?  The park we are looking at is also right next to Lake Winnebago, so another thing I am wondering is if this place may be a viable option for someone that wants a cheap second home near a lake:  Has anyone ever had mobile home park tenants that own the place a second home?  

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