What do you wish you knew before evaluating your first park

mobile home university
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For those who have bought or evaluated mobile home parks — what’s one thing you wish you knew before looking at your first deal?

Could be due diligence, operations, financing, the market, anything. Curious what caught you off guard early on.

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  1. how many homes in the park would likely be moving out… some will surprise you and some won’t.
  2. i wish i had Frank’s 3 phases of park turnaround and had them laid out with cost, timelines, and who will do what.
  3. i wish i had a plan laid out for how we will go about filling vacant pads.

all that said, the first one is always a learning experience - dont stress and take it one thing at a time.

1 Like
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Appreciate this — the first point is interesting. When you’re evaluating a park now, is there anything you specifically look for that helps you gauge how many homes might end up moving out?

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Inspecting the physical age and condition of single-wides helps gauge risk, as moving homes built before HUD 1976 standards is often legally blocked by local municipal transport codes