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All Forum Posts by: Philip Bourdon

Philip Bourdon has started 26 posts and replied 82 times.

Post: MHP Condition - How Important?

Philip BourdonPosted
  • Pittsburgh, PA
  • Posts 87
  • Votes 14
Originally posted by Leslie12:
Philip,
I don't have any pictures, but I would say parks vary drastically in their quality and appearance. I've driven through some that were truly frightening and I can't imagine anyone but gang members wanting to live in.
But others were beautiful and perfectly maintaned.
I wouldn't invest in the bad ones, no matter how cheaply I could.

Thanks, Leslie. I can see now that the key is how bad is it really? Run down is one thing, but dangerous and even depressing is another.

Post: MHP Condition - How Important?

Philip BourdonPosted
  • Pittsburgh, PA
  • Posts 87
  • Votes 14

I am a new investor educating myself via Lonnie’s material and forums. I drove through my first Mobile Home Park the other day and was surprised as to how poorly maintained the homes and yards were.

My question is this: Is it worth buying/selling in a badly maintained area? I’m imagining that, although I might be able to buy cheaply, how well am I going to be able to sell, even on terms? Most folks want to live in a decent neighborhood.

Does anyone have photos of what could be described as a “bad†MHP compared to ones that might be a little worn down but still OK?

Thanks for your help!