When investing in mobile homes we can establish that you will find most of the mobile homes in parks. The park should be treated as though it is a SFR in that you want to consider how close it is to parks, schools and other stores.
The demographics should not be forgotten about. Find out about the crime in the area by asking the police. Determine the average time to sell, the average selling price, how old people are that purchase and so on.
Is the park in good shape? You can usually tell quickly what rating a park will have by driving through it. Are the grounds repaired, the mobile homes even place, is the park clean?
As with multifamily rental a huge seller is the amenities that are included with the park. In fact this could the one thing that gets people to purchase a mobile home you have - the home is in a park with ammenities. Ammenities would be items like a pool, basketball court, or grass park with swings.
You should consider these things when purchasing mobile homes and looking for a park to invest in.
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