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Mobile Home Parks Subscribe to Mobile Home Parks

20 posts by 11 users

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Real Estate Investor · Houston, Texas


My idea if Multi Family or Commercial is a Mobile Home Park and Public Storage. Has anyone had success with either one of these?


Real Estate Consultant


Yep. I've got three MH parks for sale in Florida if interested.


Real Estate Investor · Houston, Texas


Originally posted by David Peeples
Yep. I've got three MH parks for sale in Florida if interested.

Nope, Just Houston TX and surrounding counties.


Rehabber · Santa Clarita, California


Storage facilities can be great investments and can be had for much better cap rates than apartments. Easier management as well. Of course you must buy right. There are good deals and bad deals. The bad deals are the ones that do not provide sufficient cash flow.

Small_barnardenterprisesWill Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com


Rehabber · Santa Clarita, California


Is San Antonio too far?

Small_barnardenterprisesWill Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com


Real Estate Investor · Houston, Texas


Originally posted by nationwidepi
Is San Antonio too far?

It is for Single Family, What do you have a whole park? You have my attention.



Rehabber · Santa Clarita, California


I do not currently own one there but have many other properties there and am an active investor there with many contacts and team members. I could locate and negotiate one for you if you choose. All I need are some peramiters and criteria from you.

Small_barnardenterprisesWill Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com



How does someone invest in such things as Mobile Home parks/properties with no money down?

Is it possible to find MH to place under Option??


Real Estate Investor · Dallas, Texas


"How does someone invest in such things as Mobile Home parks/properties with no money down?"

As in most commercial loans, the lender wants your skin in the game. You could bring equity partners in, even the seller if he/she is motivated.

"Is it possible to find MH to place under Option??"

Yes, if the seller will do it.


Real Estate Investor · Denver, Colorado


Hijacking this thread to say that we're looking for a MHP or Self Storage within 200 miles of Denver, CO. Please PM me if you have any deals. Thanks!


Real Estate Investor · Houston, Texas


I have learned a few things in my years of investing.

I belive all of your time should be spent doing 2 things and the rest should be outsourced if at all possible,

You should hunt for two things. I call them the Double D's and As a man like Double D's. :lol:

1.) Deals
2.) Dollars.

I would buy a park with someone else's money, Reward your private lender, give them control, and a good chunk of the equity.

[b]

Originally posted by Renae Bliss
How does someone invest in such things as Mobile Home parks/properties with no money down?

Is it possible to find MH to place under Option??




How does someone invest in such things as Mobile Home parks/properties with no money down?

Is it possible to find MH to place under Option??

Yes, you can - just be careful about leverage. It can either hurt you or help you. Also, it's very important to understand the mobile home business if you're looking to buy a park. I know park owners who are struggling to fill their lots because they did not take the time to learn the business. Hope that helps!


Real Estate Investor · Houston, Texas


Originally posted by Renae Bliss
How does someone invest in such things as Mobile Home parks/properties with no money down?

Is it possible to find MH to place under Option??

Yes it is possible, I have one friedn that did it. But you will never find these leads on Loop Net. You need to send out alot of letters and work the probate lists.


· Bloomington, Indiana


Also, when looking into mobile home parks, check state law. Some states have special protections which gives tenants of mobile home parks added rights such rights of first refusal.


Commercial Lender · Ocala, Florida


I recently found a really good site that focuses on just: MHP Investing....It is called:
www.mobilehomeparkstore.com

Paul
[REMOVED]


Real Estate Investor · Houston, Texas


Have a look at www.mobilehomemagic.com

It is similar to the park store but offers free listings and is just getting off the ground. It has a discussion forum as well. :mrgreen:

Originally posted by Paul Kestenbaum
I recently found a really good site that focuses on just: MHP Investing....It is called:
www.mobilehomeparkstore.com

Paul
www.cls-loans.com



Mobile Home Investor · Spanaway, Washington


Anne:

I have a 129-space MHP + 6 apts in CO that fits your criteria - let me know if still looking.


Mobile Home Investor · Spanaway, Washington


Mike:

MHPS.com has a 182 space MHP bank owned in the Houston area. Might be something for you to check out. Bank may be able to deal with you directly so you can take it off of their books as a "non-performing" asset.


Mobile Home Investor · Spanaway, Washington


I have 2 MHPs that are not listed, but if price was right would consider selling them and moving on to something bigger! Those interested send me a PM for some info on what could be made available to the right buyer!


BiggerPockets Founder · Denver, Colorado


Originally posted by Realtyman
I have 2 MHPs that are not listed, but if price was right would consider selling them and moving on to something bigger! Those interested send me a PM for some info on what could be made available to the right buyer!


Please provide details here.

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
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Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


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