Need to hear your thoughts.
Trying to learn enough to pull the trigger on my first Lonnie deal.
I drove through two parks of older MHs today----there were many that were empty. Nearly every space had a unit present some trashed but some that looked not too bad. I did not see any “For Sale” or “For Rent” signs. There WAS a Realtor sign near the office (closed) that said “Rent to Own”.
Would I be nuts to try to buy something in a park where there appears to be a lack of demand? The parks are in the same general area. Mobile home living is common in my area.
These two parks are in the same general area and maybe 3-4 miles from the city with 60,000 plus pop. The parks are not that great but not stacked with trash and cars.
Any comment would be appreciated!