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Mobile Home Park Investing

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Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
255
Votes |
399
Posts

Mobile Home Newbie needs help

Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
Posted Nov 28 2017, 13:41

Hi everyone,


I am looking into investing in MHP's and trying to research all of the downside, which there seems to not be too many.  My question is, there is a lot of talk about how it is a positive that it costs thousands of dollars to move your mobile home out of a park, in which case your turnover is very low.  But on the flip side, isn't just as bad if and when you take over a distressed MHP with high vacancy?  How do you fill your lot when the costs are that high to move a mobile home?  Just wondering if I am missing something and filling vacancies is easier that I am thinking.  Any feedback wouldbe great.


Thanks,

Kyle

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