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Updated over 6 years ago on . Most recent reply

User Stats

183
Posts
107
Votes
Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
107
Votes |
183
Posts

My First Mobile Home Park

Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
Posted

I close on my first mobile home park Friday. It's a 17 space park with two being occupied by park owned homes. It was a rushed deal but I had several people look at it because it looked to good to be true. I was fortunate enough to have the cash on hand to be able to make the deal happen. How you may ask? Because I just got through BRRR'd a foreclosure I purchased last year. This stuff works, if you work it. So excited and can't wait to get things rolling.

Most Popular Reply

User Stats

183
Posts
107
Votes
Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
107
Votes |
183
Posts
Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
Replied
Originally posted by @Blaine Alger:
@Jason Ray Richardson congrats! What do the numbers look like?

36,000 for an 18 unit park. 2 park owned homes 12 tenant owned with 4 vacant. Lots not raised in years

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