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Updated about 5 years ago on . Most recent reply
Mobile Home Park Investing
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
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#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
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#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
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.