Before searching, establish what kind of property fits your goals.
Buying a mobile home park (MHP) is a specialized real estate investment that offers steady cash flow and low tenant turnover. Most successful acquisitions follow a structured process of market research, careful site selection, and rigorous due diligence. 1. Define Your Investment Criteria how to buy a mobile home park
: Decide between "Resident Owned" (tenants own their homes and pay you lot rent) or "Park Owned" (you own and maintain the units). Before searching, establish what kind of property fits
: Search commercial platforms like LoopNet , CREXI , or niche sites like MobileHomeParkStore.com . : Reach out directly to owners via mail
: Reach out directly to owners via mail or network with mobile home movers and local bankers who often know who is ready to retire.
Deals can be found through both on-market and off-market strategies.
Financing an MHP is a commercial endeavor with different requirements than residential loans. How to buy a mobile home park: beginner's guide.