Small MHPs, 1031 buyer, need to identify properties

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Small MHPs, 1031 buyer, need to identify properties

Investor · Staten Island, NY · Member since 2013 · 486 posts · 200 votes

I recently sold a property and am doing a 1031 exchange. I’m looking for deals in another mobile home park.

I’m open to a partnership (tenant-in-common structure), or I’d be happy to pay an assignment fee or finder’s fee for the right deal.

My buy box:

Price: $380k to $900k

Mostly tenant-owned homes

City water and sewer preferred, no lagoons

Not in a flood zone

Vacancy under 10%

Seller financing preferred

Nationwide

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Kerry Noble JrPro Member
Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
5d

Yes sorry! How much time....got it!

See this reply in the discussion

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  • Member since 2026 · 8 posts · 3 votes
    1w

    Andriy, on a 1031 into a park in that price range, seller financing is great when you can get it, but having a bank or portfolio lender lined up as a backup helps you hit your 180 day deadline if a seller won't carry. Parks with city water and sewer and mostly tenant owned homes tend to finance well. Happy to share what lenders are doing on small parks if useful.

    • Investor · Staten Island, NY · Member since 2013 · 486 posts · 200 votes
      1w

      I am fine with bank financing as well. Do you have any deals in mind? thanks

  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    5d

    How much Do we have? I will go put my feelers out to my network?

    • Investor · Staten Island, NY · Member since 2013 · 486 posts · 200 votes
      5d

      what do you mean by "how much do we have?"

    • Investor · Staten Island, NY · Member since 2013 · 486 posts · 200 votes
      5d

      ohhh I believe you mean time. November 8th is the cut-off period

    • Kerry Noble JrPro Member
      Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
      5d

      Yes sorry! How much time....got it!

    • Kerry Noble JrPro Member
      Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
      5d

      Ill be on the hunt!

    • Kerry Noble JrPro Member
      Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
      12h

      Check your DM

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