Mobile Home Parks Seem Like Great Investments, But It Does Not Seem Like There Is A Lot Of Bank Financing. How Can I Buy A Park Without Bank Financing?
You are correct, Mobile Home Parks offer one of the last great business opportunities left. They often offer the highest rate of return of any Real Estate Investment. There is many reasons why these investments can be so profitable, including the low cost of management, the need for affordable housing, minimal maintenance cost, etc., etc. But unfortunately, due to the Real Estate melt down, many banks do not finance Mobile Home Parks. That is where we come in. We often have several Mobile Home Parks under contract, that provide Owner Financing. Sometimes we have parks that the buyer only has to put down a small down payment to buy the park!
