Purchase price: $1,100,000 Cash invested: $600,000 On-market 200 lot mobile home park100k down, 100k consulting fee, and 1 million seller financed @ 5 % interest only over 6 years (first year interest is deferred and added onto the back end of the loan)Highly distressed park with great on-site property manager (electrician and plumber)Lots of non-paying tenantsPrior owner did not spend any money on CAPEX35 vacant park owned homes needing repair20 vacant homes needing to be torn downCity water and city sewer for 190 spacesSeptic and well for 10 spaces What made you interested in investing in this type of deal?

The cameras have motion activated sensors so when it senses movement it sends the signal to a monitor office where someone is watching not only your property, but others as well.

I am evaluating a 7 lot mobile home park and am interested in everyones thoughts.

Once you can evaluate various deals, try to diversify geographically as well as asset class (Multifamily, self storage, mobile home parks, RV parks, BTR etc) and sponsors.

Someone who has expertise in investment properties such as mobile home parks.

I had clicked on every single house, mobile home, townhome, condo, apartment and multi in Zillow and redfin.

In a multistory house, having a bedroom on the bottom floor is desirable for attracting family groups with older guests with mobility issues. 

Try buying something like a mobile home park and just rent the lots.

T-Mobile doesn’t offer it here.Thanks 

Purchase price: $360,000 Cash invested: $60,000 18-Lots mobile home park What made you interested in investing in this type of deal?