I've looked into this as a possible investment vehicle, it seems promising given one finding available land.Any one have knowledge about mobile home parks and valuations?
I found land that comes with 5 mobile homes, I just have no idea how to value mobile homes. I do traditional real estate.I've looked into this as a possible investment vehicle, it seems promising given one finding available land.
Yeah, that could be a problem, especially if you're not in a market where mobile homes are prominent or make up a share of the normal real-estate inventory. However, based on the information I've come across the valuation is not in the structure, but in the land, the mobile or prefab home sits on and its ability to provide infrastructure / utilities.I found land that comes with 5 mobile homes, I just have no idea how to value mobile homes. I do traditional real estate.