Re: How many park do you look at versus buy?


#1

Definitely don’t give up. I see about 250 listings each month that hit MobileHomeParkStore.com or the Loop each month and in a typical year that would be about 3,000 parks. Of those 3,000, I might buy 2 or 3 of them.

However, with contacting park owners and brokers directly I probably look at the numbers on about 250 or so actually for sale for each one that I will end up buying.

If you refine it even further, I will probably buy about 1 out of 2 or 3 parks that I actually visit that I know is for sale. That is because there has been a lot of work done before that actual visit to make sure it makes sense from a financial and market standpoint.

There are many more deals out there now than I have seen in years.

Dave Reynolds