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Mobile Home Park Investing

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80
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Meredith Mihm
Pro Member
  • Rental Property Investor
  • Winona MN
43
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80
Posts

Little Mobile home park

Meredith Mihm
Pro Member
  • Rental Property Investor
  • Winona MN
Posted Apr 12 2019, 20:54

Going to look at a 15 unit mobile home park tomorrow. 4/15 pads occupied (@ $235/mo), plus one storage unit rented @ $290/mo plus one farm house rented @425/mo. So $1500ish/mo. City water and sewer, but not metered. What should I look for? Tearing through Frank and Dave's book tonight, because I only listened to a couple of podcasts on this subject before I happened upon this deal. Also, it's in a tiny town of 500, 15 or 20 minutes away from a lot of things-- is that a dealbreaker?? 

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