Speaking with the owner of a few parks that are being sold off due to dissolving of a partnership that went sour. Here is the park I am interested in:
14 park owned homes all needing rehab from 500-2000k.
Current occupency is 0%
The kicker for me is: small town of 2,500 and not too close to much else. Worry is ability to fill homes once rehabbed.
Direct billed city utilities set up.
Offer price is 29k and can probably work down to 25.
Other mhp in town charges 350 lot rent.
Unusual deal and I am out of state. However, I am young and able to work anywhere and could turn this into a great cash return.
I greatly appreciate everyones feedback.
Cameron : )