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Updated over 13 years ago,
MHP Condition - How Important?
I am a new investor educating myself via Lonnie’s material and forums. I drove through my first Mobile Home Park the other day and was surprised as to how poorly maintained the homes and yards were.
My question is this: Is it worth buying/selling in a badly maintained area? I’m imagining that, although I might be able to buy cheaply, how well am I going to be able to sell, even on terms? Most folks want to live in a decent neighborhood.
Does anyone have photos of what could be described as a “bad†MHP compared to ones that might be a little worn down but still OK?
Thanks for your help!