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Updated almost 6 years ago,

User Stats

20
Posts
2
Votes
Mike Zhou
  • Rental Property Investor
  • Illinois
2
Votes |
20
Posts

First MHP deal suggestion and advice

Mike Zhou
  • Rental Property Investor
  • Illinois
Posted

I am in the process of buying my first mobile home park. 

I have been primarily rental investors for SF and TH. I have recently come across a 27 units MHP (10 vacant) which

Is 2.5 hours away from my resident. It was a my first entry to this space and quite uneasy into the deal.

My main concerns are those empty lots and long distance to manage. The cap rates with current rent is around 14 caps. It was a mom pop shop asking for mid 200K. what your advice on the deal and fill those empty lots after

Purchase ? Also have you heard about or used CCI Investments 

https://www.mobile-home-parks-forsale.com/about-us...

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