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Updated over 6 years ago on . Most recent reply

Jennifer Keller's profile image
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Jennifer Keller
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Jennifer Keller's profile image
Jennifer Keller's profile image
Jennifer Keller
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Jennifer Keller
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Multi-Family and Apartment Investing

Mobile Home Park to buy or not to buy?

Jennifer Keller
Posted

I'm just getting started in real estate investing and there is a mobile home park for sale in my town. It appears to be a property that someone has just flipped. It is a 7 unit park with an asking price of $395,000 that has been on Zillow for 21 days. Any advice would be helpful.

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Ryan Groene's profile image
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Ryan Groene
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  • from Cleveland, OH
  • Member since Mar 1, 2016
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Ryan Groene's profile image
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Ryan Groene
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  • from Cleveland, OH
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Ryan Groene
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  • Cleveland, OH
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Ryan Groene
  • Specialist
  • Cleveland, OH
Replied

What is the lot rent, how many occupied, are they all park owned homes or tenant owned. What’s the utilities. Who pays what. 

Can’t justify that price until we know the basics. 

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