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 own small multifamily and every unit has taught me something, mostly by breaking. I've been reading this room for a while and the land-lease idea makes obvious sense to me. What…
My three parks run 42, 39 and 67 lots, all within about 90 minutes of each other. For two years I used an onsite resident manager at each, paid in a lot rent credit plus a small m…
I'm reading the LP agreement on a 78-lot park where in-place lot rent is $270 and the sponsor's own comp set shows $395 to $425 at four parks within twelve miles. The business pla…
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…
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 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…