So I am a "wannabe" MHP owner. I've been reading these forums, learning a lot about MHPs, talking and meeting with seasonsed investors and have done some investing as well.
However, one thing that came to mind, as I keep thinking and exploring MHPs, is the future of these parks. With so many parks being listed, de-listed and listed again and in many cases these are parks that no one seems to want to buy, it makes me wonder
what is wrong with these parks? are they so bad that anyone investing in them is sure to lose money? Folks have been trying to sell some of these parks for years! Something must be seriously wrong with them to be in that situation!
If they are so bad and current owners are potentially losing money cause the problems they may have are very expensive to repair then what happens to them in the near future? Are these lots/parks becoming extinct?
Considering 1 and 2 above, what about the parks that people currently own? Will they or are they already in the same situation as 1 and 2 above with the exception that they are not for sale YET...? How many more parks will end in a situation similar to 1 and 2 above?
Considering 3 above, what does this mean for investors, especially new "wannabe"s like me?
I would love to own a "good" park or a few of them to have a sustainable income over a long period of time but should I let the above concerns hinder my dream? This in addition to the fact that "good" parks are tough to come by to begin with?
Either way, I would like to Thank this forum, people running this forum and people from this forum who have taken time and effort to speak to me and meet me until now.
Best to all,