Buying a MHP in tornado prone areas

[Gulliver R.]

I'm looking at putting an offer in on a MHP that's in Iowa, but I'm scared it'll have a tornado devastate the park and the homes. Does anyone have advise about this and does anyone have MHPs in South Iowa that has experienced a tornado near their MHP? Thanks!

[Adam Sanders]

Look into insurance and the associated rates. You want to make sure that is baked into your calculations. While the news makes it seem like it is only a matter of time before a tornado will hit your park the odds are still not that high. If you don't have any park owned homes your risks are primarily around liability and loss of income. It gets a lot trickier if you have a lot of park owned mobile homes that you would want to insure.