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Updated about 1 year ago on .

User Stats

48
Posts
13
Votes
Emory Clayton
13
Votes |
48
Posts

Your entry into MHP investing?

Emory Clayton
Posted

What did you do to grasp and understand MHP investing when you were getting started?: How to analyze deals, key aspects to look for, red flags, etc.
I was actually asking my realtor about a piece of property for sell with no intention of it having anything to do with MHP, and the seller of the property messaged back and added that he owned the trailerpark next door and that it was also for sell, so now I'm intrigued. 

I feel I have a basic understanding of what makes up a park:


Septic, City Sewer, Lagoon
City Water, Well, master meter, sub-meter
Age of MH
Property taxes
Zoning
Roadway type: dirt, asphalt, gravel, etc

This list could go on and on, I think what I’m looking for is a list of what you ask the seller for so that you can analyze a deal.
I’ve read the book:
An Insider's Guide to Investing in Mobile Home Parks by Andy Tallone and Lorraine Reguly
This was very helpful and insightful.


Also, has anyone ever used a company that helps to bring a MHP online and/or to run more efficient? Or did you just learn as much as you could and then learned from your mistakes along the way?