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Good morning, I was recently stationed at Ft Bragg and it appears locally that mobile homes are a better way to make money over hard structures. I came across a guy selling his 4 units on 2.5 acres for $40k. The inc...
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Hello BP Community. I have an opportunity to purchase a 24 unit mobile home park in the greater Orlando, FL area. 23 of the pads have mobile homes and 7 of those are park owned. I have three questions I would love to ...
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Hi all,
I am new to BP. I would love to get feedback as I am a newish investor. I have a couple of real estate deals with multi-unit affordable housing. However, I am looking to start a mobile home park from the gro...
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Looking for feedback please.
I have called several insurance agents about premiums for a 2005 MH (2 br 2 ba 1000 sq ft) on its own land that I am considering to buy and rent. I'm being quoted in the low thousands!!
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Hey BP Family I'm looking for a private or hard money lender that will lend on a mobile home park that is greatly undervalued. Most of the hard money lenders I know lend on residential and Multi family but I'm not sur...
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Hello,I've had my eye on an 8-plex in an area of Alabama that I invest in. It's in the specific town that I focus on but it's in a rough part of that town. The area is known as the drug area of this small town with ...
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I'm looking at a mobile home park (new to mobile investing) The park has 8 units and owns all the units. Three years of financials shows 61K of gross income and 36K of net after all expenses. I think I'm getting a g...
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I've been looking at the mobile home RE strategy. From what I've read on here the best play is to buy low ($2-3k per mobile home), rent ready rehab and sell to make $2-3k margin.
You then lease the lot the mobile ho...
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Hello all,I am moving to the Myrtle Beach area in the next week, and was looking into ways to invest in Real Estate there. I am from NJ and was brought up in a family that invested in many Multi Family homes and Renta...
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Many experienced landlords will tell you that turnover is their biggest expense. I have read that turnover is much more common in multi units than in SFR properties, and the reasons given make sense. I have a few SFR ...