There is a universal rule that you get a handyman from the last owner whenever you purchase a mobile home park. I have had a wide variety of outcomes but I want to give a few warnings from my experience.

1. Don't r...

Has anyone invested in a parking spot? With the growing population and influx of people coming into the city I thought it might be worth exploring this topic. In fact, about a month ago 2 tandem parking spots sold in ...

After 8 years, we are finally beginning a Safety Committee for our development.  Our biggest problem with safety is the speeding from both people who live inside and outside of the community.  Can anyone share what ha...

Hello BP,
How do you deal with tenants already in place but all units need some kind of upgrades, in order to put into practice the BRRRR method.
Basically what I'm tryin to say is that if the property need to be vaca...

I am the corner Lot ( left side) of a 10 home HOA on a private street in Ohio.  There is $800/yr fee.  $300 of the annual fee goes to a “ street fund for when the street needs repaved ( this kitty is up to $21k).  The...

20 site Mobile home park  List price  - $375,000Cap rate  - 10 No park owned homes  - all site rent  14 occupied with potential upside of 6 sites to move new homes onto$350 per month site rentPark pays water /trash8 a...

Hey, BP members!My name is Kevin. I'm a novice property owner and manager from Seattle, Washington. I came to own my first rental property by chance, rehabbed it myself, and now I manage it. Anyway, I really enjoy it ...

Hello All,My name is Michael and I recently stumbled upon the BiggerPockets podcast/website. I have been interested in real estate for years and am finally ready to begin pursuing financial freedom. I live in the Gree...

I have been looking at purchasing a fourplex that is part of an apartment complex (shares a parking lot). Anybody have any misgivings about this?

This probably should go in the starting out section.

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