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Updated over 5 years ago,
HOW FAR SHOULD YOU BE FROM A MSA TO SUCCESSFULLY INVEST?
Hi, guys...I have a lead on 2 mobile home parks about 90 miles from St. Louis and also Jefferson City. I haven't run the numbers thoroughly yet, but so far it seems like they might be reasonably priced. The town where the properties are located has a population of 3,000. It is off major highways and there is Walmart in town as well. The parks are about 70% occupied and have potential to raise lot rents. Expenses in the park are minimal (so far) Each park is 30 plus spaces. Thoughts?