Mobile home Park investment
I want to get started in mobile home park ownership. I have read several books on mobile home park investments. I wanted to ask someone that's been in the mobile home park business some questions. I would like to know if you are able answer some questions for me.
What are the common motivations for MHP owners to sell their park? Why do they?
I am also trying to better understand how to assess the numbers in a deal to determine if it is good or bad?
In addition, I have learned that searching for deals outside of my current area is a great idea. What are some key data points that will help determine a good out of town market?
Thank you for your reply,
Tatiana Spence