Posted by Lonnie on May 08, 2000 at 19:50:39:
Hi Ben,
Ray Alcorn and Ernest Tew are the folks you want to talk with. You might want to post this on Ray’s “Commerical” page.
Good luck,
Lonnie
Tips and suggestions on first MH park purchase. - Posted by Ben (FL)
Posted by Ben (FL) on May 08, 2000 at 15:49:48:
So far, we’ve done very well with SFRs, duplexes, and quads. Now, we’ve just identified a possible owner/finance deal on a MH park. All lots are fully leased with owner/occupants. We would just be collecting lease payments on the lot, itself. When I approach the cash flow analysis like I do with an SFR or multi-family, it looks like a great positive cash flow. In general, what are the main differences between dealing with leasing MH lots and SFRs? Also, what are some things to look out for and hidden traps and/or bonuses I need to take into account?