Corey Block
My first Mobile Home Park
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $110,000
Cash invested: $22,900
This is a mobile home park that I purchased from a “mom and pop” that lived i...
John West
How long do i have to wait to refinance a mobile home park?
I have a small mobile home park under contract that is only half full. I know the area needs housing so I am genuinely looking forward to getting homes in there, providing affordable housing, and doubling the value of...
Virgil Nethercott
Mobile Home Park - Value Add problem
I am looking at a park that is being sold for 12% cap rate which is lower than I would like (prefer to be at a 13-15 cap for this area). It is an off market deal that I came across and have been talking to the owners ...
Bram Klein
Basic Mobile Home Park Question
Happy Holidays All! Looking to purchase a 1980's to 1990's park with about 15 pads. Walked through the park and most of the units are needing a full rehab. All home are park owned. Water utility is paid for by the ...
Lincoln Lewis
Business Plan
Does anyone have a MHP investment business plan they would share? I've been crafting mine and I feel as though I'm neglecting numerous points. Any help would be greatly appreciated!
NA Stebb
Canninbe charge the balance due for old resident?
I bought a mobile home without going through the office. Now they claim I am responsible for the previous owners balance. Is this legal?
Jon Klaus
What is going on with this mobile home park?
Roads? Access? Parking? Moving homes in and out? Utilities, especially sewer/septic? I could see this out in the county with no city jurisdiction, but fire department, health department? How did this happen?Anyo...
Mwazomela Thurmond
Virginia Beach's "Pharrell Williams Project" New Construction
If you invest or live in Hampton Roads, you may have heard about the "Pharrell Williams" development project in Virginia Beach, Atlantic Park, for the last five years but just like working on any construction project,...
Logan Pritchett
Creative financing Mobile Home Parks
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $330,000
I bought this property 100% seller financed. It is two mobile home parks consisting of about 24 units.
Zara Ryan
MHP Financing with Hard Money Loan?
How would you finance this value add MHP? Here are the details:
-28 lots currently rented, 32 more are cleared with utilities run
-of the 28, 15 are park owned homes, 13 are lot rent only
- The plan is to get the ...