Updated over 4 years ago on . Most recent reply
4 unit Mobile Home park
Hey Guys! We’re looking at a 4 unit mobile home park. The numbers look great in terms of cash flow, however,I’m hesitant since the mobile Homes are park owned. I know that one of the bigges advantages to owning MHPs is the fact that the units are tenant owned which is much less of a hassle/expense. My question is: if the number look good- is it worthwhile to pursue this and look at it more as a standard multi family investment to gain experience into the MHP Asset class, or to simply stay away from park owned units?