Mobile Home Park in Small Town
I am looking at a mobile home park in rural Wisconsin, right now it is at around 50% occupation and priced accordingly. The goal would be to buy it and raise its occupancy as a project. What I'm wondering though, is how doable this is when the park is located in a town with a population of only 1,300? I know that the guys from Mobile Home Park University mention that they only focus on parks in towns with much larger populations.
Has anyone had any experience buying a MHP in a town that small? The park we are looking at is also right next to Lake Winnebago, so another thing I am wondering is if this place may be a viable option for someone that wants a cheap second home near a lake: Has anyone ever had mobile home park tenants that own the place a second home?