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Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Alex Wolfe
  • Lender
  • Charlotte, NC
1
Votes |
7
Posts

Mobile Home Parks in North and South Carolina

Alex Wolfe
  • Lender
  • Charlotte, NC
Posted

As you can see my professional background is in banking.  However, I have been looking into buying a mobile home park or just mobile homes (and pay the lot rent).  I wanted to get some opinions on which people prefer.  There are obvious pros and cons to buying the entire lot vs. buying a mobile home (in the $9k-$11k range) and renting it out.  I am in North Carolina and have heard bad things about Fayetteville, NC.  Born and raised in NC but still know little about the best places for Trailer Parks or Trailer Park lots.  What type of geographical locations are ideal?  Is it better to go ahead and buy the whole lot to own or be some what of a slum lord and rent out the mobile homes?

Most Popular Reply

User Stats

13
Posts
8
Votes
Glenn Treadwell
  • Investor
  • Grovetown, GA
8
Votes |
13
Posts
Glenn Treadwell
  • Investor
  • Grovetown, GA
Replied

Alex, you may already know this but when buying a MHP that is not on a City or County permitted Public Water System and has its own drinking water source such as a groundwater well(s) then EPA law (that most States Env. Agencies enforce) is that if has 15 or more service connections or 25 or more people on it then it must be that the groundwater source well(s) must be permitted as a community Public Drinking Water System.  If it is already permitted then this should be disclosed by owner before sell since Permit must be transferred into to new owners name upon the sell. If the MHP drinking water system meets the threshold to become a public water system but is off the radar of the States environmental agency then at some point usually by a customer complaint the environmental specialist would investigate and discover that the water system meets the threshold and it must be permitted as a public water system. In this situation there are some cost if the well(s) must be brought up to public drinking water standards. There will be routine sampling (microbiological and chemical) required and a certified operator must be hired to make daily chlorine checks on the water system. The owner could become a certified operator and do this themselves. If you are interested in MHP in North Carolina that is not on a City or County Public Water System then you can find out at this url  https://www.pwss.enr.state.nc.us/NCDWW2/   if it is already  permitted and can see if it has any violations and/or contamination in well source.   South Carolina Drinking Water Watch is at this url  http://dwwwebvm.dhec.sc.gov:8080/DWW/

If you find a MHP that has more than 15 or more service connections or 25 or more people on the well(s) and it is not listed at Drinking Water Watch (web url) for its State then it is only a matter of time before the State Agency finds out about it and requires it to become permitted.

I know this is off topic but thought if you weren't aware of this it may help you  if you find a MHP not on a City or County Public Water System.

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