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Updated about 5 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Bronx, NY
5
Votes |
13
Posts

Mobile Home Park Investing

Account Closed
  • Real Estate Agent
  • Bronx, NY
Posted

Hello Folks,

I wanted to understand your investment philosophy when it comes to Mobile Home Parks. My goal is to learn from those wanting to invest in Mobile Home Parks and then I could go out and find a deal. I have been in touch with a few Mobile Home Park owners in New Jersey. 

Please state what you look for or find important in any mobile home park deal.

Thanks guys,


Anthony Madia

Most Popular Reply

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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
941
Votes |
363
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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
Replied

You have 5 components to any mobile home park purchase, all of which have to be in favorable alignment:

INFRASTRUCTURE

DENSITY

ECONOMICS

AGE OF HOMES

LOCATION

Weakness in one category requires additional strength in another.

You will learn that there is no perfect mobile home park -- they are all flawed for one simple reason: you haven't been able to build a new one for about a half-century. As a result, the best locations are the oldest parks, and they have the worst infrastructure and density.

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