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I'm going to check out a 2 bed 1 bath mobile home tomorrow. Everything sounds good, he had to move for his job. He is asking $8000 or $3000 down payment and make payments.
The mobile home is a 1972 14x60.
He comple...
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Hey guys. I'm an experienced multifamily investor that's looking at a mobile home park community for the first time, so I want to channel your inner gurus for a little bit of knowledge. For those of you that regular...
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Hi All,I'm new to this forum and new to real estate investing. I haven't purchased anything yet... I live in CA where prices are exorbitant. I had some realtors send me some potential investment homes (multiplexes) fo...
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We bought a property earlier this year. It was first sent out by a wholesaler at 105k. There was a small main house (1 bed, 1 bath) that rented out for $450 a month and there was a manufactured home (2 bed, 1 bath)...
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Found another one...
Value about 90k, think I can get it for 60k
Basic number:
Rent $1000 - $1200
Expenses: $500
NOI: $500
Mortgage at 6%: $360
Cash flow: $140
Seems to work. My one concern is that I don't expec...
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How many different parks do you do Lonnie Deals in. I have 40 parks in my area and am currently working in just one park. I do have meetings with two other park owners who want to work with me. Do you think I should t...
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(Semi long post incoming.TL;DR I have an opportunity to rehab several trailers in a trailer park that need extensive work, is it worth it?)I've been away from biggerpockets for a while because I needed to work on my p...
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I am looking at a park with about 35 lots with tenant owned homes. They are sub metered for all utilities from the town and the trash collection is done by the township. Everyone must mow their own lawn and keep the...
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From those that own mobile home parks have you found it difficult to fill sites if you just rent the site? One park I am looking at has about half park owned homes and half empty sites for people to bring their own tr...