Is it worth investing in a mobile home park?
Is it worth investing in a mobile home park?
The most motivated sellers are typically at parks that are run down or not operating optimally. This requires some hands on effort to get the park up and running with efficiency again but can be well worth the investment.
How much does a co-op mobile home park cost?
To join a co-op park, you essentially buy a share in the mobile home park. These investments could cost anything, but prices seem to range from $30,000-$60,000 and include a share plus a home. The obvious advantage is that you are investing in your future.
Can you buy another home in a mobile home park?
You can almost buy another home for the same price as moving one across the state. The home could even lose it’s HUD status and ability to qualify for a loan. As the home you are looking at is located inside a mobile home park, you won’t only be dealing with the seller.
Who are the owners of mobile home parks?
It owns mobile home parks in more than 25 states. Its business model is to buy up mom and pop parks and raise the rent. Frank Ralph works at RV Horizons and something called Mobile Home University, a so-called investors’ boot camp that teaches people how to buy mobile home parks.
The most motivated sellers are typically at parks that are run down or not operating optimally. This requires some hands on effort to get the park up and running with efficiency again but can be well worth the investment.
To join a co-op park, you essentially buy a share in the mobile home park. These investments could cost anything, but prices seem to range from $30,000-$60,000 and include a share plus a home. The obvious advantage is that you are investing in your future.
You can almost buy another home for the same price as moving one across the state. The home could even lose it’s HUD status and ability to qualify for a loan. As the home you are looking at is located inside a mobile home park, you won’t only be dealing with the seller.
It owns mobile home parks in more than 25 states. Its business model is to buy up mom and pop parks and raise the rent. Frank Ralph works at RV Horizons and something called Mobile Home University, a so-called investors’ boot camp that teaches people how to buy mobile home parks.