Mobile home park investing means owning the land and infrastructure of a manufactured-housing community while residents typically own their individual homes and rent the lot beneath them.
Log in to followI put a park under contract at $1.42M, 55 lots, 51 occupied, lot rent $355 against market I can support at $465. Public water and sewer at the street, everything inside the park i…
Basic question that I should already know and don't. On a 34-lot park where all 34 homes are tenant owned, what am I insuring? There's no building. I've got roads, a well house, a…
Zoning verification letter landed last week on a 44-lot community I've been circling. The park predates the current ordinance, so the use is legal nonconforming, and the letter sa…
I wanted the boring version and I got an expensive lesson in what a rent roll actually is. 60 lots on paper. The broker's package showed 54 occupied at $315, so about $204k of gro…
60-lot park, in-place lot rent $265, the broker's "market rent" is $425, and the model walks it there over 24 months in two steps. Everything else in the deck is flat. I'm buildin…
I'm five months into learning this and somehow I'm the one with a signed LOI, so please tell me where I'm wrong. 60-lot park, 54 occupied, all tenant-owned homes except one the pr…
Been calling around about who actually manages these things for owners, partly because I'm curious whether there's a service business hiding in here. A regional firm quoted me 6%…
Getting licensed at the moment, and my first real listing was a 36-lot park a family had owned since 1978. Not my money, so this isn't my win exactly, but I sat inside the whole t…
44-lot park, 32 occupied, 12 vacant pads with what the seller says are live water, sewer and electric stubs. Lot rent is $340 and collections look decent on the 32. Dealer quoted…
Two parks came across the same week from two brokers, twenty minutes apart in the same county. I'm nowhere near buying either, I'm trying to understand the spread. Park A, 52 lots…
Under contract-ish on a 42-lot park in a secondary market, asking $1.35M. Lot rent is $285, 38 occupied, 4 vacant lots with pads and hookups. Private well serving the whole park,…
Under contract-ish on a 42-lot community in a secondary market, asking $1.15M. 33 homes are tenant-owned on lot rent of $325. Nine are park-owned and rent all-in at $725. Two vaca…
Under contract at $1.03m on a 46-lot park, 35 occupied, lot rent $340, city water and sewer, all pads served and metered. The 11 empty pads are the entire reason the price works.…
I've been reading offering memos in this space for about eight months without writing a check, and the pattern is getting hard to ignore. A 60 to 120 lot park on city water and se…
I own a service business and I'm after income that doesn't become a second company to manage. Two 25-ish lot parks in my area came up, both around $700k, lot rent in the $270 rang…
First time looking at this asset class and I'm reading a private offering for a fund buying parks in three states. I don't have operating experience so I'm bringing the numbers an…
I've been pricing out the back office side of a small park before I get any further. Lot rent collection on 30 lots doesn't sound like much, a bank deposit and a spreadsheet. But…
This was my first park and I went in expecting to be busy. Land is what I know, so the appeal was obvious: I own the dirt, the roads, the water lines, and the residents own their…