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Updated almost 7 years ago on . Most recent reply

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6
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2
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Zach Elcott
  • Pleasant Vly, NY
2
Votes |
6
Posts

Mobile Home investment

Zach Elcott
  • Pleasant Vly, NY
Posted

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?

Most Popular Reply

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524
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145
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Gulliver R.
  • Rental Property Investor
  • Seattle, WA
145
Votes |
524
Posts
Gulliver R.
  • Rental Property Investor
  • Seattle, WA
Replied

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.

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