MHI Podcast 37: Partnering with mobile home parks to quickly scale mobile home investing gains
Welcome back, In today’s 60-minute Mobile Home Investing Podcast episode #37 I’m honored and so proud to introduce you to active Mobile Home Formula investor, Matt to the co-hosting microphone. In a short period of time Matt has already been able to added 20+ cash-flowing mobile homes to his long-term portfolio. Matt has been busting […]
Buying Your First Mobile Home Park
Over the coming weeks and months I plan on documenting exactly what I’m doing as much as I can. I encourage you to subscribe to my YouTube channel below and come along this journey with me. I’m sure there will be some mistakes made, lives changed, lessons learned, and many great successes along the way.
Mobile Home Investor And Park Relationships (Part II of II)
The above classes of mobile home parks can vary and change with time and demand. The above list does not take into account for park managers that are having “bad days.” Using the list above will not help you to avoid “Cold Shoulder” type parks but help you to organize and understand which type park manager you are speaking with at each unique community. Always remember that you are there to help the park, first impressions count, nobody likes a trouble maker, and always show a smile.
How to Negotiate a Mobile Home Park Purchase Price?
NEVER buy a manufactured home park without following our 30 Days of Diligence format, and obtaining the necessary third party reports, such as the Phase I Environmental Study. While there are some great parks for sale out there, there are an equal number of stinkers that you should never get involved in. So never buy a park that you don’t know inside out and that has passed every test from the Test Ad to the Phase I.