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Updated over 10 years ago on . Most recent reply

Jon Klaus's profile image
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Jon Klaus
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  • from Garland, TX
  • Member since Dec 18, 2008
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Jon Klaus
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Jon Klaus
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  • Garland, TX
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Watch out for those class D MHPs

Jon Klaus
  • Developer
  • Garland, TX
Posted

A few years ago I considered buying a mobile home park in Seagoville. 

I'm glad I've gone to a different asset class

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Jefferson Lilly
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Dec 18, 2010
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Jefferson Lilly
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  • from San Francisco, CA
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Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
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Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
Replied

And yet the one study on crime rates in MHPs vs. 'regular' neighborhoods documents "...no significant difference in population-weighted crime rates between blocks with mobile home communities and other types of residential blocks."

http://www.huduser.org/portal/periodicals/cityscpe...

As a buyer of MHPs, I'm benefited by the fact other investors irrationally view MHPs as being 'dangerous' and don't compete with me for properties.

-jl-

  • Jefferson Lilly
  • Podcast Guest on Show #369
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