Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

31
Posts
4
Votes
Fred Maul
  • Stavanger, AE
4
Votes |
31
Posts

Looking to get my feet wet; MHP purchase

Fred Maul
  • Stavanger, AE
Posted

Good morning, I was recently stationed at Ft Bragg and it appears locally that mobile homes are a better way to make money over hard structures. I came across a guy selling his 4 units on 2.5 acres for $40k. The income is $1410 per month. Tennants have been leasing from between 2-5 years. It is close to a large chicken processing plant. There is room to add 3 more mobile homes, just need to install septic. Underground utilities, county water.

Would this be a good way to get my feet wet? I expect to be here for several years. I have cash to pay for the deal. What do I need to look out for? How do I value a mobile home property?

Loading replies...