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 followThe county parcel viewer in the two rural counties I'm working lists 41 properties with a land use code for manufactured home community. I figured that was my whole universe. It w…
The operating agreement said my membership interest was 25 percent. It did not say what I gave for it. That sentence is the whole loss. Deal shape: 33-lot park in a small market,…
Closing statement came back last month so I have the real numbers now. Bought a 31-lot park in a small industrial town, 28 occupied, all tenant-owned homes, lot rent $265 against…
This one's closed out so I can tell it properly. Eighteen months ago I wanted into manufactured housing and couldn't afford a park. What I could afford was homes. I bought two 199…
Still not buying anything. Reading. But something clicked and I want to check whether I've actually got it or just think I have. The thing I kept getting stuck on was why anyone w…
48-lot park, small city, asking $1.6M. I was building a service business around parks and figured owning one would teach me the operations from the inside. It taught me something,…
Third park, first one over 50 lots, and the first one where I ran the transition with my own crew instead of hiring it out. 96 lots, 91 occupied, all tenant-owned homes except fou…
I've been reading fund paperwork for about a year without putting money anywhere, which was starting to feel silly. Last spring I went into a 66-lot park deal as a limited partner…
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…
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…
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…