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Question
Just got a job at a MHP brokerage company. 21 years old, I love work and couldn't be happier. Does anyone know when putting deals together will the new buyer of the property waive the broker fee, for equity in the deal? I would like to start investing in MHP as earlier as possible. Thank you.
Cats
Need help with cats. Anyone have any tips? Thanks
Infill
Has anyone bought a park that needs infill to expand the lots?
Anyone Bought a Park Set Up as an HOA?
Hey guys- I'm looking at 2 small parks (23 pads total) sold together. - Sellers own 20 of 23 HOA “units” (all TOHs, $425 lot rent). - 3 resident-owned units pay $200/mo HOA fees. - HOA run informally by sellers, no HOA capital reserves. My concerns: 1. HOA admin burden & liability 2. Lengthy foreclosure process (rather than eviction) needed for non-paying owners 3. No reserves = big repairs would fall all on me 4. Refi/resale challenges with the HOA format Numbers look good, but ownership format feels risky. Has anyone run into this before? Worth pursuing or hard pass? Thanks!
Mobile Home Park w/ Land
When looking at parks that have additional land associated with them, how much benefit do you place with the additional land? I am talking to a seller who is looking to sell a small 8 POH unit lot with an additional 35 acres of land with it. The land is in an area that is experiencing growth, which makes it a bit intriguing. When looking at this, does it make sense to just sub-parcel the land and sell it off to get cash or eventually look into developing it for additional lots?
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