Updated over 6 years ago on . Most recent reply
First MHP deal suggestion and advice
I am in the process of buying my first mobile home park.
I have been primarily rental investors for SF and TH. I have recently come across a 27 units MHP (10 vacant) which
Is 2.5 hours away from my resident. It was a my first entry to this space and quite uneasy into the deal.
My main concerns are those empty lots and long distance to manage. The cap rates with current rent is around 14 caps. It was a mom pop shop asking for mid 200K. what your advice on the deal and fill those empty lots after
Purchase ? Also have you heard about or used CCI Investments