Just starting out in the MHP world. You’re site is great!!!
I’m selling my business and looking to invest in a park in Texas.
What’s got me shaking in my boots is most parks are WAY over priced.
I am going to look at a park this weekend that seems reasonable but it is almost
It is fairly new with better than city grade roads, city water and sewer.
It is a fairly small park but it only 1/2 developed.
One of the few things I’ve learned while researching this new venture is banks
don’t want to lend on properties with a lot of POH
Does that mean they want more than 20-30% down?
I could prob swing 35-40 and immediately get 7 more rentals on their empty lots
giving me approx 26K per month?
One more question, what is a reasonable offer under asking price? 25-30%?
Sorry I sound so green, it’s only because I am. LOL