Mobile Home Park Investing

[Pat G.]

Looking at a park that is 100% Park Owned homes, can someone give me 2 Pro and 2 Cons of buying this type of park?

[Bill F.]

@Pat G.

This thread could help. 

How many lots? 

For most people, parks like this are outside of their wheelhouse and they would be better off in the MF space. The POH models requires more intensive management to run properly and has higher OpEx+ CapEx.

 If you want to sell them off, you'll need to have a marketing system in place to lead generate and another system to finance the MHs. 

In short, they are far from the passive wonder everyone thinks they are.