What Makes For a Good Mobile Home Park Deal

[Kyle Ransom]

Hello BP,

I am looking into buying mobile home parks I was wondering what metrics do you use to determine a good deal with this investment strategy?

In Trust 

Kyle

[John Arendsen]

Due diligence is critical.

• Is the MHC in THE PATH of PROGRESS? Most important is the neighborhood history. Is it in a blighted area? Or is it in decline?
• Vacancy rates
• Age of homes
• Condition of the homes
• How many homes does management own and rent out?
• Sewer or septic
• Well or City water
• Condition of electrical
• Condition of gas or propane lines
  
• Type of residents
• Is the MHC a senior or family park?
• Asking price
• Rent
• Cap rate
• Is the MHC under rent control.

You might also reach out to @Ken Rishel. on this platform. He is a book of knowledge and experience on this and may even know of some MHC's for sale.