Re: Potential Real estate deal - comments appreciated
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Of course, I live in an area where there are lots of MHPs, but the ease of management lends itself to out of area investment very well.
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can you explain this a bit more? do you think its a good idea to invest in an MHP as an absentee landlord?
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Yes, its fine to invest in MHP as an absentee landlord. Personally, I don't do it. But I know of others that do, and its working fine for them. If you want to invest absentee, you really need to watch out for turnaround projects. IMO, you can't turn around a MHP from a distance - you gotta be there working the project yourself. MHP turnarounds offer stellar returns though.
If you find yourself a nice turn-key park that can support a full time manager (i.e., 100+ spaces), and in good condition with wide street and newer homes, then you can easily be an absentee owner.
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