Potential MHP Purchase in Blytheville, Arkansas

[Denzell Hoover]

Fellow investors,

Looking to purchase my first MHP in Blytheville, Arkansas.  Besides calling other property managements companies/landlords for the rent rates and occupancy rates in the area. You guys have any other recommendations on how to get this data? I mainly do  wholesaling so this is a different ball game and process for me. Any tips or advice would be greatly appreciated!

info about the property

19% Cap Rate 

35 out of 75 are occupied

150 to 175 rent per month

Purchase price is 250K for 75 spaces.

Thanks in advance for whatever guidance and info you all could share.

[Marc Biviano]

Do you know if the water and septic are public or private?

I would keep calling around to other parks saying your looking for a home for your grandmother until someone calls you back. Maybe hire a property manager or someone off of Craigslist to travel to the park to ask around.

Check out the county on bestplaces.net to see about the location. @kevinbupp has a podcast on Mobile Home Park Investing on this subject.