How do mhp's sell in bad times?


#1

Hey Guys,

Hopfully theres a few of you that have been in the biz long enough to answer this question.

Iam doing a 1031 from 2 calif houses into a 68 sp mhp park in Az.

Iam confident that the park will be very profitable.

My concern is that when calif real estate takes it ineveitable 30% drop and it’s time to exchange back to calif & scoop up the deals, Will parks be tough to sell when real estate is longer the “in vogue” investment of choice for 99% of investors?. Do banks lend on mhp in bad times? Should I be ready for a possible 7-10 yr ownership?

Any input will be appreciated…Thanks Cb