Mobile Home Park Investing Questions
Hi, I'm new to BP and have not yet had the time for a formal intro but I've been around a bit and read/learning alot from this great community! An opportunity has come up and it is on somewhat of a time crunch so I have a few questions. As well, I'm new to the MHP idea of investing...
1-how or what is the typical way to own a MHP (I'm in Canada)? Is is ok/normal to own personally, or would it be wise to own using a holding company?
2-how much does MHP manager cost? The numbers i have been given i believe exclude this and I'm wondering what costs are involved in this position?
The given expense ratio is about 30% and the cap rate is 13%ish.
Thank you for taking the time to read and respond.
Curtis