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Mobile Home Park Investing
HomeForumsMobile Home Park InvestingNew Homes vs Renovating
Jim Tassoni's profile image
Jim Tassoni's profile image
Jim Tassoni
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Dec 22, 2018
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Jim Tassoni's profile image
Jim Tassoni's profile image
Jim Tassoni
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Dec 22, 2018
Connect
Jim Tassoni
  • Rental Property Investor
  • Grand Rapids, MI
24
Votes |
50
Posts
Mobile Home Park Investing

New Homes vs Renovating

Jim Tassoni
  • Rental Property Investor
  • Grand Rapids, MI
Posted Jun 18 2019, 06:25

I have a park with roughly 70 empty POH that are in fairly rough shape.  They will take about 5k-7k minimum each to get fixed up to rent or sell.  My question is does anyone have experience renovating these homes vs potentially just paying to remove them and utilizing CASH Program or something similar to bring in new homes?  Obviously bringing in new homes will improve the look of the park greatly but does it make fiscal sense?

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