Buying a mobile home park
Posted: Thu Sep 08, 2011 3:19 pm
Hello,
I'm a newbie to the mobile home scene. I have been interested in mobile home parks as an investment for the last ten years and have finally decided to take the plunge. So for someone who is interested in purchasing a park and is still learning about mobile homes, what size would be a good size park to start with? I've found one with 3 double wide homes and 1 single wide home for a price of $67,000. I think that's somewhat expensive, but I don't know. The lot rent for the double wide is $250, for the single wide is $100. Is that a good size to start with or would it be better to look for something a little larger, like maybe a 10-12 lot park?
I'm a newbie to the mobile home scene. I have been interested in mobile home parks as an investment for the last ten years and have finally decided to take the plunge. So for someone who is interested in purchasing a park and is still learning about mobile homes, what size would be a good size park to start with? I've found one with 3 double wide homes and 1 single wide home for a price of $67,000. I think that's somewhat expensive, but I don't know. The lot rent for the double wide is $250, for the single wide is $100. Is that a good size to start with or would it be better to look for something a little larger, like maybe a 10-12 lot park?