Things To Look Out For When Buying Your First Home

When you are out driving around I would suggest you stay away from parks that are not being taken care of such as letting the tenants trash their lots with junk cars and everything you can think of being stored in the yards and on the porches. if the park is a mess it will be very hard to find a good paying tenant that will take pride in their new home. I would also stay away from parks that the area prone to flooding or you could see your investment disappear due to flood damage. Another red flag for buying in a park is extensive background and credit checks that take weeks up to a month to complete, it takes about 1 hr to complete the needed checks to approve you to purchase a home in their park, you are most likely not wanted in this park because of this and you need to move on to a park that wants you there.You most likely want to work in the mom and pop owned parks because they will be the people that need your help, some of the corporate owned parks will want you there but they usually are just looking for the next person to sign on the lease to pay lot rent, thats not always bad but these parks will raise the rent every year no matter whats going on in our society including a pandemic.
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happy investing