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Mobile Home Park Investing

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Josh Carlegis
  • Investor
  • Jacksonville, AL
4
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26
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MHP with multiple leaking septic tanks.

Josh Carlegis
  • Investor
  • Jacksonville, AL
Posted Feb 3 2018, 16:21
Hey guys and gals. So I’ve come across a potential MHP deal and wanted to get some feedback from people who have been here before. It’s a pretty big dump, but it’s surrounded by a good community of houses. It is a rough crowd of tenants, I’ll have to rebuild roads, deal with this septic issue, and scrap about 20 condemned trailers.My plan is to clear out the property of all homes and tenants, bring in new homes, and lease to own until full. I understand the costs associated with this will be large and I am prepared for that. Ive started talking to some people with knowledge of the area and the first thing I have learned is there are many sites with leaking septic tanks. My question right now is, what is the process to fix this? Can you just come in and drop new tanks on the lots or is there an expensive environmental remediation required? Im sure it varies state to state but I’d be interested to hear anyone’s similar experiences. The park is in Alabama. Thanks in advance!!

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