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In 2018, I purchased my first multifamily property. It was a 15-unit mobile home park in a town called Centerfield located in Utah.I noticed the seller had another three acres for sale down the street and I asked to h...
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Looking into buying our first park. What are the pros and cons from park owned homes vs tenant owned homes (not sure if that's the correct terminology). We have primarily been in the commercial building space but th...
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Good Day MHP Investors-Below mkt. MHP assignment opp to make $10K/mos net cash flow:
Park
$635K purchase price ((Frank Rolfe formula value of $690K)
Full occupancy valuation is ~3X this amount71 Lots/32 occupied...
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If run properly mobile home parks can be a sound long term investment. No dealing with rentals are beaten by tenants. Info structure usually does not require updates as often as apartment buildings. Any word on deprec...
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I'm looking to invest in mobile homes, just starting out, and I'm getting a feel for what my area has to offer. While driving around I notice certain parks don't appear to encourage additions to the homes where as oth...
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I just came back from a mobile home park and the manager said he doesn't allow investors to have homes on his park because "he loses control". I asked him what he meant and he said having investors can cause the park ...
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I want to buy an rv park. I want to find investors. I want to know how to assess it, fund it, recruit investors and how to split proceeds etc. Please share your knowledge! I want to learn!
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It looks like I have finally found a small bank that will approve a mortgage for me. I currently own my primary residence & rental free and clear. It's not approved yet, but here are the quotes I was given:
PRIMA...
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Forgive me if this has already been asked. Ever since the BP app came out I've been reading on my phone. (Joshua Dorkin might add a search feature to the app).
Does anyone have any experience buying subject to in Ok...
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I my area of Appalachia, mobile homes are pretty standard. Unfortunately mobile home parks can be super small, haphazardly compiled, and in great disrepair--but not for sale. This area is not a beautiful, tourist area...