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Updated about 8 years ago on . Most recent reply

Arthur Fuller II's profile image
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Arthur Fuller II
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Sep 4, 2015
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Arthur Fuller II's profile image
Arthur Fuller II's profile image
Arthur Fuller II
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Sep 4, 2015
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Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
31
Votes |
112
Posts
Mobile Home Park Investing

How do I comp a mobile home?

Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
Posted

Got a call today from someone at a MHP in Long Beach California. I have not idea where to start on comping this and making an offer. I can't find any listing for sold homes recently. Best I can do is see that there is one home in that park for sale currently on zillow. 

Any advice? 

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Bill Ayers's profile image
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Bill Ayers
  • Real Estate Investor
  • from Wamego, KS
  • Member since Dec 16, 2016
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Bill Ayers's profile image
Bill Ayers's profile image
Bill Ayers
  • Real Estate Investor
  • from Wamego, KS
  • Member since Dec 16, 2016
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Bill Ayers
  • Real Estate Investor
  • Wamego, KS
13
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22
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Bill Ayers
  • Real Estate Investor
  • Wamego, KS
Replied

In my opinion figuring out what it is worth to you starts with figuring out how you want to make money on the deal. Are you going to flip it to an investor or an end user, or are you wanting to rent it (if the MHP will even allow that) ?

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