Is it just me. How hard is it to really value a Mobile Home Park. It seemes a cap rate of 12% is about where most buyers would like to buy a park at.
However how many goods parks are available at that cap rate? They are out there but usually they have alot of of park owned homes(mostly old)
Realistically is it possible to buy a MHP with no park owned homes for anything over a 10 cap rate. I would like to hear how other people are doing trying to locate good parks with decent caps.