Mobile Home Park Investing
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Updated almost 7 years ago on . Most recent reply
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Mobile Home investment
Hello!
I am new investor with the means to go big or go home. I have been a fan of the BiggerPockets for a couple of years now soaking up the information to better prepare myself towards my life as an investor. I recently received a portfolio on my ideal purchase of a MHP. With what tools I have acquired to analyze this deal- the numbers seem to work out.
Was wondering if this deal made sense in more experienced eyes. Let me know what you think?
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it would depend also on how much I pay for the park, if I have any room to raise rents to market or a little bit above market, if I can fill any vacancies, if I can lower the expenses some how, etc. I would focus a lot on how I can improve the NOI. I would also do test ads to see if you can fill vacancies easily.