Given the current economic conditions (stock market run up for five years now, fed maybe raising interest rates sooner than expected, etc…)
New interest by big money investors in mobile home parks and realization that this is a safe and reliable investment.
My question is who feels (personal opinions) that mobile home parks should sell for cap rates around 7 percent like apartment buildings?
I know we all want to buy at a 10 cap or better but is that possible on a park that is running smoothly and does not need major improvements?
Any replies are greatly appreciated.