Updated over 10 years ago on . Most recent reply
How do I evaluate a deal in a Mobile Home Park?
I received a call today from a very motivated seller in a trailer park. He needs to move by the 5th and owns his double wide out right with no liens. The monthly lot fees are $450 and the mobile home is a 1982. I was quickly thinking terms, but he said the park does not allow that. How do I evaluate the value? I cannot find the lot anywhere online because most sources (property appeaser, zillow, etc) just list the park. I have not yet done anything in this situation so I'm trying to get as much homework done before approaching a potential partner to split the deal IF there is a deal. Looking for all direction and advice, Thanks!