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Mobile Home Park Investing

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Brian Illingworth
  • Brighton, MI
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29
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Michigan Mobil Homes

Brian Illingworth
  • Brighton, MI
Posted Feb 8 2014, 06:28
Is there anyone here familiar with Mobil Homes in Michigan. I have a guy that owns 4 homes in the same park and is looking to sell 2 of them. These would be my first two deals and I am struggling on how to set a price point to present an offer to him. My intention is to wholesale them to another investor, which I made very clear to him that this was my intent, he didn't seem to care. The problem I am having is it seems that a majority have sold for $3000 or so and appear to be foreclosures and others have sold in the $40,00 to $60,000 ranges. So as u can see there is a huge gap. Thank you

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