All Forum Posts by: Greg McClain

Thank you @Jack Martin.  I appreciate the detailed response and the valuable information.  I will follow your advise and have a conversation with the seller.  I will let you know how the talk goes.  

Thanks @Chris Kelch, Thank you for breaking that down for me.   

Thank you @Daniel Smithson,  I appreciate the information and the encouragement.  

Thank you @Paul Moore for the honest words and advice.  I guess it is obvious that I am new to this.  I will listen to your podcast this afternoon.  

I am contemplating putting an offer on an MHP. I am hoping to get some expert opinions here on Bigger Pockets.

The asking price is $600,000. 24 pads. 17 – POH, 6 – TOH and 1 vacancy.

Lot rent is $200. The rent from the POHs is between $300 and $800.

The park is on city water and city sewer. It is individually metered for electricity.

The expenses listed annually are $28,773. This includes taxes, insurance, lawn care and maintenance.

The asking price seems high to me. Does anybody think this deal could work?

Thank you 

@Janice V. I looked at that book as well.  I’m seriously thinking about buying it. 

Hello @Brenden Mitchum

Thank you for greeting and all the helpful information.   

Thank you Jason.   I appreciate you advice

I was looking for recommendations on what would be a good 1st book to read on Mobile Home Park investing. I am new to MHPs and want to learn as much as possible.  I have been reading alot on this forum and I am really impressed with all of the knowledge on the forum.  

Any book recommendations would be greatly appreciated!!!!

Hello Matthew and welcome.  I too am new and looking to get started.  Lets keep in touch, motivate and learn from each other.