Rent, Owner Finance or Sell
Hello, picked up a nice single wide mobile home on almost two acres for $35K cash a couple of months ago and after ~$5K in updating and minor repairs, I'm in at about ~$40K. I could sell for $95-$110K and double my... View more
In search of six used mobile homes for park in Indiana, need help
Over the next six months, I need to fill about seven lots at one of my parks in Indiana and I'm not finding good options right now so if anyone has some suggestions, I'm all ears.Thanks,Mark
New Mobile Home Park Owner
Hey Bigger Pockets Family,
My partner and I are preparing to close this week on a small mobile home park in Midland, TX. This will be a first for us both and I wanted to get your feedback and experience in owning and... View more
Do Mobile Home Lot owners own the vacant homes?
Basically the title,There is an old mobile home lot in my area that I am looking to reach out to the owner to pitch him a deal of me fixing up and selling the vacant mobile homes on his lot and keeping the profits from... View more
Covid-19 VS Mobile Home Parks
I've love to hear from mobile home park owners or managers! On the broader scale in general Midwest markets, how did mobile home parks fair during Covid (LAST 12 MONTHS)? Were occupancy numbers up/down? Was rental... View more
Possible MHP Backflow Issue?
I am selling a 46 space MHP that was built in the early 60's. The park is on city water/city sewer and the water pressure is low, but in the range of normal. The buyer had the water tested twice. They are saying that... View more
What is the typical business model for a MHP?
I'm looking into an MHP park that has a lot of potential but has been left to rot for some time now.
I'm a newbie to MHPs and wanted to see if someone could help me understand the most common business model?Does the... View more
Seeking mobile home park friendly CPA
Happy new year! I'm reaching out to you all to see if anyone has any connections to a few great CPAs that are knowledgeable in the way of mobile home parks? I would really appreciate it. Please drop a name and... View more
Growing my MHP business
Welp, looks like my last post crossed a line. Let me try again....We own several MHPs in the Houston metro. I was able to initiate several deals this year, and we closed on 4 new parks. Looking to 2021 and beyond, I... View more
Digital water meters
What companies do you all recommend for digital water sub-meters?
Your input would be much appreciated!
Financing new 2021 mobile home in co-op
I am looking to place a brand new mobile home on lot within co-op( I own the shares)Should I pay for the mobile home with cash, or should I finance the house ($53,000) Also, Can you refinance a mobile home within a... View more
Need Help Constructing An RV Park
I have 3.48 acres on the Lower Colorado River just outside of Austin Texas. I think the best use of the land is to build an RV Park. I had an engineer to a preliminary concept site plan and we can potentially get 36... View more
Developing RV parks?
Does anyone have any experience developing or buying RV parks? I live in the Houston area and work in the petrochemical industry doing industrial construction. In my line of work most people own campers and travel... View more
RV Park development costs
HiWhat are expected development costs per RV spot without land and soft costs? I saw $10k/spot on earlier discussions We are exploring a business proposal for new development RV Park in South Austin/San Antonio, TX... View more
Individual water meters
Is it legal to meter each pad even when the park is on a well system? I know you can’t profit when you are on public water, you can only pass through the bill. This park is on a private well, so can I meter each home... View more
What to do with 4 acres near Ft. Bragg, NC
Hello all, so I have 4 acres in NC, it is near Ft Bragg. Its on a dirt road (its a horsehoe road) and my 4 acres are right at the top of this horseshoe. I bought this back in 2007 (sight unseen well my family went to... View more
California Mobile Home Flipping Newbie Question
So I unexpectedly ran into a motivated seller of a mobile home attached to land in Ontario, CA. He is selling for $20k cash and without going through an agent. He said his parents moved in with him and and dont want to... View more
Selling POHs to Investors...Good Idea or Bad??
I'm curious how other park owners view the idea of selling POHs to investors who would then rent them out. I know there are downsides to this scenario. I've consider that the actual tenants will still likely have... View more
Mobile Homes ON Land questions
So here is what I am looking at: 10 MHs each on their own land, all older models that the owner is currently renting out. 9 are rented out, and 1 is junk and will need to be removed. This is a neighborhood that is... View more
MPH Underwriting all TOH!
Hello & Happy New Year to All!
Greeting everyone and thank you for taking the time to read this posting.
I am new to the MHP asset class but absorbing the loads of information on biggerpockets.
I came across the... View more
Mobile Home PARK Depreciation IRS Schedule?
Hi,I recently bought a new mobile home park, my CPA tells me that the non-land portion (road, pipes, water plant, good will) should be depreciated over 28 year. My CPA has never done tax on MHP before.I did a search... View more
Mobile Home purchasing for vacant lots
Curious to know if anyone could help me out. We are looking into a park and there are 16 vacant lots. Is there a website you can go to find mobile homes to purchase in the area? What is the average cost to get a home... View more
Manufactured Housing Community - Depreciation
Hello BP Community!I am working to acquire a portfolio of manufactured housing communities and have a few questions regarding depreciation I was hoping to find answers to or be pointed in the right direction. My... View more
Eviction Moratorium in NV - MHPs
Hi Everyone! We own an MHP in Nevada and are wondering if the eviction moratorium applies. From what I've researched, in some instances, it does not apply to MHP lot rent, but I haven't been able to find the specific... View more
MHPs: Subdividing Lots in NV
Hi All, we own a 17-space MHP in Hawthorne, NV. We are looking to sell the park and have had several prospective buyers inquire about the possibility of subdividing the lots to increase the number of spaces. How would... View more