Updated over 6 years ago on . Most recent reply
Brrrr a mobile home park
Hello,
We are investors in SFH and have brrrr'd (buy, rehab, rent, refinance, repeat) properties in the past.
We have been looking into the mobile home park space as we have some friends that are investing in that space and I hear Brandon talk about it on almost every podcast :)
Is it possible to brrr an entire mobile home park? For example, buy a property that has the opportunity to infill and/or raise rents and make general improvements (such as roads). Then once you have it fixed up and cash flowing at its peak, refinance with a bank and get most of your capital out of the deal. Is this a common practice in the mobile home space?’seems like the best of both worlds with high cash flow + financial leverage.
Any examples folks can share?
Erik