Mobile home parks can be an excellent investment opportunity, providing steady income and long-term wealth. However, finding the right mobile home or rv park to invest in can be challenging. In this article, we will explore five ways to find a mobile home park for sale and provide you with valuable insights into the mobile home park investing industry.
Online Information Resources
Online resources are an excellent place to start when searching for mobile home parks for sale. There are a number of websites and online platforms that cater specifically to mobile home park investors. Here are some examples:
- MobileHomeParkStore.com: This website is a popular marketplace with a ton of mobile home parks for sale across the United States. Users can search for properties by location, price, and other criteria. The site also provides valuable information and resources for investors, including articles and a forum where members can connect and share information.
- LoopNet.com: This platform is a leading online commercial real estate marketplace that features a wide variety of property types, including mobile home parks for sale. Users can search for properties using various filters such as location, price, and property type. The site also has a feature that allows investors to set up alerts to receive notifications when new properties that match their criteria become available.
- Mobile Home Park Investing Facebook groups: These groups are a great resource for investors to connect with others who are interested in mobile home park investing. Members can ask questions, share information, and even find deals.
- LinkedIn Groups: Similar to Facebook groups, LinkedIn has several groups that cater specifically to mobile home park investors. These groups allow members to connect, share information, and ask questions.
- Real Estate Investment Forums: There are a lot of online forums and discussion boards that focus on real estate investing, including mobile home parks. BiggerPockets is one of the most popular real estate investing forums, with a dedicated section for mobile home park investing.
When using online resources, take your time to thoroughly research properties and understand the local market conditions. It is a good idea to use multiple websites and platforms to get a broad view of the market and increase the chances of finding the right property. Additionally, it can be helpful to engage with other investors and professionals in online communities to gain insights and tips on investing in mobile home and rv parks.
Connect With A Broker
Connecting with a broker who specializes in mobile home park investing can be a valuable way to find potential properties that meet your investment criteria. These brokers have access to the MLS (multiple listing service) and other industry resources that can help you locate the right mobile home park for sale. Here are some ways to connect with a broker:
- Research and Identify Mobile Home Park Brokers: Before choosing a broker, do some research to identify reputable brokers who have experience in the mobile home park investing niche. Look for brokers who are knowledgeable about the industry, have a good track record, and have positive reviews from previous clients. You can search for brokers online, ask for referrals from other investors or industry professionals, or attend industry conferences and events where brokers are likely to be present.
- Contact Brokers: Once you’ve identified a few potential brokers, reach out to them to learn more about their services and how they can assist you with finding a mobile home park for sale. You should inquire about any pocket listings they currently have. Brokers often have access to properties that are not yet listed publicly or have not been actively marketed. By having access to these properties, investors can potentially secure a better deal and avoid competing with other buyers.
- Discuss Your Investment Criteria: Share your investment goals and criteria with the broker. This will help the broker understand what you are looking for and what types of mobile home parks you are interested in. They can then use this information to filter out properties that don’t meet your criteria.
- Let Brokers Know You Are a Serious Buyer: If you are a serious buyer and ready to make an offer on a mobile home park for sale, let the broker know. This can help them prioritize your search and provide you with potential properties that meet your investment criteria.
- Work with Brokers on an Ongoing Basis: Establishing a relationship with a broker is a good way to stay up-to-date on new mobile home parks for sale and industry trends. By working with a broker on an ongoing basis, you can gain valuable insights and information that can help you make informed investment decisions.
Direct Marketing to Property Owners
Direct marketing is a highly effective way to find off-market mobile home parks. This method involves reaching out to owners directly and letting them know you are interested in buying their park. There are a few different ways to approach direct marketing, including:
- Cold calling: This involves reaching out to owners directly through phone calls. While it can be time-consuming, cold calling is a highly effective way to generate leads and identify potential sellers. It is important to approach cold calling with a clear script, so you can communicate your interest in a professional and effective manner.
- Direct mail: Direct mail is another effective way to reach out to mobile home park owners individually. This method involves sending promotional materials, such as postcards or letters, to a targeted list of potential sellers. Direct mail can be a cost-effective way to generate leads and get in touch with owners who may not be actively marketing their park for sale.
- Online marketing: Online marketing can be a highly effective way to generate leads and connect with potential sellers. This method involves using online advertising, social media, and other digital marketing techniques to reach out to owners and generate interest in your services.
While direct marketing can be highly effective, it is important to approach it with care and respect. When reaching out to owners, communicate your interest in a professional and non-invasive manner. Be prepared to answer any questions the owner may have about the sales process and be transparent about your goals and intentions.
While the primary focus of this section is direct marketing, it is worth mentioning that county tax records can be a useful tool for finding mobile home park owners’ contact information. By accessing county tax records, you can identify the owners of mobile home parks in your target area and use online resources such as WhitePages to find their contact information. This information can be used to generate leads and start the direct marketing process.
Driving Through Manufactured Home Communities
Driving through parks in your area can be an effective way to find mobile home parks for sale that may not be listed on any online resources or advertised publicly. By driving through parks, investors can get a firsthand look at the property and its surrounding area, and they can also speak with park residents or managers to learn more about the park’s history, current state, and potential for investment.
Driving through parks can be time-consuming and may require a significant amount of legwork, especially if you are looking for off-market properties. However, it can also be a great way to find hidden gems and identify investment opportunities that other investors may have overlooked.
When driving through parks, look for signs that a park may be distressed. For example, you may see vacant mobile homes or units that are in disrepair, which could indicate that the park has potential for improvement and growth. On the other hand, if you see a park that is well-maintained and has high occupancy rates, it may be a sign that the park is a stable and profitable investment.
Remember to approach park residents and managers with respect and professionalism. Ask them questions about the park’s history, occupancy rates, and any challenges or opportunities they see for the park’s future. Be prepared to provide your contact information and follow up with them if they express interest in selling or know someone who may be interested in selling.
Network With Other Real Estate Investors or Industry Professionals
Networking with other real estate investors or industry professionals is another effective way to find a mobile home park for sale. Here are some tips to make the most out of your networking efforts:
- Attend industry events: Attending real estate industry events such as conferences, seminars, and workshops can be a great way to meet other investors who are interested in mobile home park investing. You can learn about the latest trends and developments in the industry and connect with professionals who have experience in mobile home park investing.
- Join online forums: There are many online forums and groups dedicated to real estate investing, where investors can connect with each other, share ideas, and discuss investment opportunities. Joining these groups can help you stay up to date on industry trends and connect with other investors who may have leads on potential mobile home parks for sale.
- Join real estate investment clubs: Real estate investment clubs are groups of investors who meet regularly to discuss investment opportunities, share knowledge, and network with each other. Joining a real estate investment club can be a great way to meet other investors who have experience in mobile home park investing and to learn from their experiences.
Networking takes time and effort and may not result in immediate investment opportunities. However, by building relationships with other investors and industry professionals, you can increase your chances of finding a mobile home park for sale.
Conclusion: How to Find a Mobile Home Park for Sale
Finding the right mobile home park to invest in can be a challenge, but there are several effective ways to identify potential investment opportunities. By using online resources, connecting with a broker, engaging in direct marketing, driving through parks, and networking with other investors, you can increase your chances of finding a mobile home park for sale that meets your investment criteria.
With careful research and a sound investment strategy, investing in a mobile home park can provide a steady source of income and long-term wealth. However, finding a mobile home park for sale is just the beginning. The next step is to analyze that park and make your offer. Remember if your not making offers, your not making money!