What To Look For When Buying A Mobile Home Park
JB
Jeremiah Boucher Founder, Patriot Holdings • Author of Finding Your Edge
Key Takeaways
- Mobile home parks generate income from lot rent, not the homes — you want to own dirt, not depreciating structures.
- Look for parks with below-market lot rents and room to infill vacant pads — that's your value-add play.
- Parks on city water and sewer reduce infrastructure risk — private utilities can be a capex time bomb.
- The best MHP deals are 50-150 pads in markets with strong employment and limited new park development.