Bid Accepted! Please help!
Evening BP Family,
I need you help. I just want a bid on my first mobile home park. I got it for 415k just outside Huntsville in Toney,AL.
Here is what I know:
33 pads all renter owned
5 could still be developed
$150 a month
All separately metered and pay their own utilities
They do have septic tanks - Are their issues with that?
What else am I missing? Where do a majority of upkeep cost go?
I’m really excited but REALLY nervous about what I don’t know about mobile home investing.
Please help. It seems like a good deal but what am I forgetting????