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 3 years ago, 05/29/2021

User Stats

4
Posts
0
Votes
Jennifer Rodriguez
0
Votes |
4
Posts

4 acres with 4 mobile homes in NC

Posted

Hello BP, this is my first post and I have a couple of questions. I have an opportunity to purchase 4 acres with 4 mobile homes that are currently tenant occupied. Total monthly rent is $1,850 and asking price is $160,000.  (We will be negotiating this) 

I checked the zoning on the county GIS site, and it is zoned for MHs, which we plan on adding more in the future. (I will call the actual zoning office to confirm)

My question is what should I consider in this purchase? 

Do I consider the actual rent of the homes at all? They are all park owned (built 1990,1994, 1994, 1998) or do I just look at lot rent? 

It isn't a "mobile park" per say, it is just one person who owns 4 adjoining acres.  

Thank you in advance!

Loading replies...