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Updated over 6 years ago on . Most recent reply

Roger Smith's profile image
Roger Smith's profile image
Roger Smith
  • from Fairway, KS
  • Member since Aug 27, 2017

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Roger Smith's profile image
Roger Smith's profile image
Roger Smith
  • from Fairway, KS
  • Member since Aug 27, 2017
Roger Smith
  • Fairway, KS
0
Votes |
9
Posts
Mobile Home Park Investing

First Mobile Home park

Roger Smith
  • Fairway, KS
Posted

I have my first Mobile Home Park under contract and I am nervous as heck. It is a small 4-home park with septic and well for each home. The homes are all owned by the park and there is space enough for 4 more homes, but new septic and well would need to be placed. I am excited to get started, but I am nervous about owning the homes. They are in very good condition, all on brick foundations and considered "real property" but the A/C units are approaching 12 years old. Should I pass on this park and wait for one to come along with tenant-owned homes?

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