Out of over 400 mobile home parks we have bought in the past 25 years, we have never even considered buying one with environmental pollution.

I have my first Mobile Home Park under contract and I am nervous as heck.

How do you guys determine what is a good CAP rate to use when trying to evaluate a property, in a particular market?

Save up $25k & go for commercial syndication like mobile home parks.

These items that are available to you and GC are very very helpful to make sure all are on the same page.You will want to include:- Term of Coverage Needed (Start and End Date)- Construction Material (Wood Frame vs Steel Frame example)- Occupancy of Building- Stories Above and Below Grade- Sqft of BuildingQuick Thoughts that should be helpful:- Start of a Builders Risk Policy: You typically want to start a builders risk when you are mobilizing or when you have materials at site, whichever start first.- Do you want Earth Movement, Flood or Named Windstorm Coverage, what sublimit will you be looking for if so.- Do you want Delay in Opening Coverage?

@Robert Burns Hey, I see its been a while and no one chimed in on either product, which one did you choose and how’s it working out so far?

What area of Oregon would you plan to invest in and what type of investment (single family, multi family, commercial, self storage, mobile home park, etc)?

Maybe if you have millions, or can buy a piece of the burned out areas to rebuild on...

The numbers for putting together mobile home Land/Home packages look like they are starting to make sense again.I’m seeing land (1-2 acres) for $40k, a decent new double wide for $80k, and development costs for about $20k.

Looks more like burn marks to me.