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Updated over 1 year ago on . Most recent reply

Seeking advice for purchasing trailer park
A trailer park recently came up for sale with a potential Cap Rate of 10% with room to go up. 9 mobile home units and a 2/1 SFR on the property. It is public water and sewer. There is one unit that needs to be renovated.
I have asked for the following information, but is there anything I should know about purchasing a trailer park before going into it? Never done a purchase like this before.
Here is the info I've asked for: Rent Roll, rent ledger, income report, expense report, lease agreements
What else should I be asking about?
Most Popular Reply

Check to make sure it's zoned correctly and has a current operating permit
- Jordan Moorhead
- [email protected]
- 512-888-9122

The Moorhead Team
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