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Updated over 1 year ago on . Most recent reply

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43
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11
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Luke Tetreault
  • Investor
  • Horseheads NY
11
Votes |
43
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Mobile Home Park Underwriting/ Insurance?

Luke Tetreault
  • Investor
  • Horseheads NY
Posted

Hey guys, I'm currently underwriting my first mobile home park. The sellers have said "we don't pay any insurance due to it being an LLC." Is that a common thing with mobile home parks? I've just never heard of it and could really throw my expenses off if that were to be wrong. Thanks.

  • Luke Tetreault
  • Most Popular Reply

    User Stats

    1,640
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    Benjamin Aaker
    • Rental Property Investor
    • Brandon, SD
    1,094
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    Benjamin Aaker
    • Rental Property Investor
    • Brandon, SD
    Replied

    Don't fall for it. The fact it is in an LLC has nothing to do with hazard insurance and the LLC gives no protections there. Get a couple quotes from insurance brokers. They can usually give you a ballpark number if you give a few details about the MHP. You'll have no way of estimating this without this piece.

  • Benjamin Aaker
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