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Updated about 7 years ago on . Most recent reply

Mobile Home investment
Hello!
I am new investor with the means to go big or go home. I have been a fan of the BiggerPockets for a couple of years now soaking up the information to better prepare myself towards my life as an investor. I recently received a portfolio on my ideal purchase of a MHP. With what tools I have acquired to analyze this deal- the numbers seem to work out.
Was wondering if this deal made sense in more experienced eyes. Let me know what you think?
Most Popular Reply

it would depend also on how much I pay for the park, if I have any room to raise rents to market or a little bit above market, if I can fill any vacancies, if I can lower the expenses some how, etc. I would focus a lot on how I can improve the NOI. I would also do test ads to see if you can fill vacancies easily.