We are looking to purchase Mobile Home Parks and Park owned homes.
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MHPs 30-spaces or more
Park-Owned Homes (POHs) are fine with us. We even prefer them.
Well & Septic is OK too, as long as it works.
Small towns & rural parks are no problem.
We prefer ones in the South & Midwest.
We want parks that make a decent Cap Rate now, 8 or 9%, with tons of upside. Many MHP owners/agents give a Cap Rate that looks good, but it turns out that they're running it themselves.