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Updated about 6 years ago,
Mobile home Park opportunity
Hi all, I came across a potentially great opportunity for a mhp owned by an older lady who’s wanting to sell due to health issues. She’s cash flowing really well but I’ve never invested in mhp, only residential investments and was wondering what you guys think are the DOs and DON’Ts when it comes to mhp investing? Any resources do you recommend to read? I was thinking about a conventional loan, for people who went that route, what information to prepare beforehand for the lender to increase my odds of getting a loan? If conventional doesn’t work, I’ll be going with a hard money lender, any advice on that? I apologize for the lengthy post but I’d appreciate any input. Thanks folks.