Aspiring mobile home park investor
Good Afternoon, my name is Steven Nieves. I am an aspiring mobile home park investor located in NJ. I do not currently own any properties, rental or otherwise. I am looking to acquire a property via seller finance. I do not have much capitol at the moment if I’m being honest, but I do have an excellent credit score, a steady job, and I qualify for personal loans. I know that it may seem like a long shot, but I am very serious about investing. I’ve done a a lot of research, and I know what I want out of a park (i.e. cap rate in the high teens or more, little to no park owned homes, city sewer and water, gas and electric meters, no EPA involvement). These are just a few examples. I’m well aware of the fact that I probably won’t be able to find a park with everything that I want but I’m willing to put in the time and money that it will take to get it there. Any advice would be greatly appreciated. Thank you for your time.