Updated about 9 years ago on . Most recent reply
One larger park or 3 small ones?
Hi Everyone, I am new to mobile home park investing. I need some advice on whether it's a good idea to buy a few small parks or one large one. My thinking is maybe diversifying in 3 states would be a good thing in case of natural disasters. Also I would gain more experience with deals this way. But one larger park might give me more income. Any thoughts or comments would be greatly appreciated.
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In general larger Parks have lower expense ratios, but starting occupancy is a major factor. Larger Parks are easier to sell as well.
Still, run the numbers.