Hello,My partner and I are in the process of getting an off-market mobile home park under contract.

I own a mobile home park in Louisiana.

Its a mobile that comps out around 34k and will rent for $600.

My theory is, why would I buy a mobile here with high lot rents, when I could buy a ton of them in other states where the lot rent is around $250 or so.

Mobile homes that have been converted to real property with conventional additions added are another appraisal problem.

I am in the process of buying a very nice modular home, which was built in 2008 and sits on a large crawl space. It has many options and includes 1 acre of land. It is located in the country, on a main route, and in a...

I currently have Replacement Cost and live in Zone 3 of Mobile Al.  

I happen to now favor Mobile Home Parks and talked several individuals into pursuing MHPs.

The competition has gotten tougher, but there are still deals to be had.What I WILL say is you probably won't find what you are looking for in your back yard, unless you consider condos or mobile units.

Most hard money lenders will not touch a mobile home (regardless of foundation) and even Manufactured homes need to have an approved foundation before they will consider.