Mobile home park investing in Chicago/Milwaukee/Indy

[Charles Salmen]

Hello - I'm based in Chicago and am looking to network with folks who have experience investing in mobile park homes. Specifically interested to learn more about 1) key criteria when snalyzing mobile park home deals, 2) main Capex / infra considerations for maintenance, 3) leasing / operations support, and 4) lending options. Any contacts, networking events around Chicago, or helpful resources that folks can direct me to educate myself on this asset class would be much appreciated.

Thanks!

[Jonathan Klemm]

Hey @Charles Salmen - Just curious, what's your why for mobile home parks in the midwest?  

I know if you do some google searches there are some very specific mobile home park communities.  I'd join one of those since they are already in the trenches of that sector.

Here is a couple I found: https://w2capitalist.com/mhp/ & https://forum.mobilehomeuniver...

We are primarily based in Chicago and there is just not a high quantity of mobile home parks here for it to be interesting to us.

[Charles Salmen]

Quote from @Jonathan Klemm:

Hey @Charles Salmen - Just curious, what's your why for mobile home parks in the midwest?  

I know if you do some google searches there are some very specific mobile home park communities.  I'd join one of those since they are already in the trenches of that sector.

Here is a couple I found: https://w2capitalist.com/mhp/ & https://forum.mobilehomeuniver...

We are primarily based in Chicago and there is just not a high quantity of mobile home parks here for it to be interesting to us.

[Charles Salmen]

@Jonathan Klemm - thanks for the info! I have been curious about other asset classes with different economics/volume. After some initial research, I’ve decided this is probably not the right space for my immediate plans. And agree, there’s definitely a shortage of parks situated within the Midwest. 

Quote from @Jonathan Klemm:

Hey @Charles Salmen - Just curious, what's your why for mobile home parks in the midwest?  

I know if you do some google searches there are some very specific mobile home park communities.  I'd join one of those since they are already in the trenches of that sector.

Here is a couple I found: https://w2capitalist.com/mhp/ & https://forum.mobilehomeuniver...

We are primarily based in Chicago and there is just not a high quantity of mobile home parks here for it to be interesting to us.

[Jonathan Klemm]

That makes sense @Charles Salmen.  Were there any specific websites that were more helpful than others doing your research?  I wish there was a different class besides trailer parks that could be started here in the Chicago area.  Maybe there will be a larger tiny house movement......who knows lol

[Charles Salmen]

@Jonathan Klemm - here were a couple sites I had found:

https://www.loopnet.com/?tab=s...

https://www.imha.org/resources...

Bold idea re: XL tiny homes.. maybe onto something there  

[Jonathan Klemm]

@Charles Salmen let's do it....XL tiny homes.  We just need to find our first Chicago site.

I know of a company that is building modular homes in Lawndale and the process is pretty awesome!