Mobile Home Park Investing
I am interested in the Mobile Home Park Investing arena and would like some input from those with success stories, as well as those with not so successful stories. I've been researching different parks and have seen where some owners are seriously over-valuing their property and cannot seem to understand where they're getting their estimation from. One that I looked at was an RV/Mobile Home park with what would look like a Class C- rating, if they had it rated, and they want $3.5mil for it. There aren't that many lots, let alone the number of slabs available. The one I'm referring to is this one <http://www.loopnet.com/Listing/7475-GA-60-Suches-G...>
Also, does anyone have any advice on financing something like this? I've been following #FrankRolfe and hit Mobile Home Park Mastery podcast for a while now and am looking into Fannie Mae and such, but I'm looking for more alternatives.
Thanks in advance and best of luck to have great deals!
-Steve