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Mobile Home Park Investing

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Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
31
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112
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Need advice on a MH in Torrance CA

Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
Posted Nov 30 2016, 16:36

I have never considered MHs so I don't know the right questions to ask. Today I go a lead from my web page for a woman who says she wants to sell her MH. Its a 2 and 1 and 624 sq ft. She says she owes 2k she wants 10k and will settle for 8k.

Theses are my questions:

how do I assess value?

should I just scoop it up and rent it out?

What get s paid to the land owner or the MH park? what is that called? 

and what other questions do I need to ask the seller?

Thanks

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