Does anyone here own a mobile home park????

Question

Im wanting to invest in a mobile home park and I was wanting information from current investors. Where do I get started? What are some of the ups and downs in parks? Any information you have, Thanks!!

Answer 1

I have worked with a partner on two mobile home parks. The best place to get started is on commercial listing websites, and with a commercial broker. The best websites are loopnet, and costar.

As for a broker, the best thing to do would be to have a realtor friend look on the mls for commercial properties that have sold within the zip code you are looking at. Find which broker's name consistently popped up the most in the sales. That would be the broker you want.

Ups: Great positive income potential. Relatively low buy in.

Downs: Lower income renters, repairs and maintenance.