How to Select a Mobile Home Park to Purchase

How to Choose a Park?

Having an established criteria for buying a mobile home park saves time when considering a deal, as well as keeps you true to your investment strategy. Considerations such as how long one as been investing, cash on hand, as well as personal risk tolerance and knowledge will alter criteria for each investor. For instance, a newer investor may want only to stick with public sewer and water; whereas a more experienced investor may feel comfortable taking on some risk with a septic system in need of repair in light of the potential upside. Factors considered when evaluating a park include location, utilities, additional structures, breakdown of park owned and tenant owned homes as well as market conditions. Additionally, we will explore what I will call park infrastructure; an all compassing term for road conditions, trees, lights, etc. We will start next time with looking at the one thing we cannot change about a park...