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Mobile Home Park Investing

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looking at buying first park

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Posted Dec 5 2012, 08:46

Im looking at buying my first mhp. Its small with just 8 units total. There are 2 being homes being rented right now with 3 other trailers that are TRASH and the other 3 lots being vacant. So its going to take some new homes and not sure what the best way would be to fill the park up. Id rather just rent out the land, but was wondering if that is hard to do with trying to fill the park up? They also are wanting $100,000 for it with really only 2 rents coming in. That sound steep to yall? Its in pa...

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