Friday, November 27, 2009

How to buy a mobile home park for sale

Let start out with what is not true. There seems to be a lot of misinformation about how mobile home parks are valued, how they are sold and how to purchase them. Somehow the real estate seminars and how to books that have been around for houses and apartments are making their way in to the mobile home park arena. These rehashed themes and techniques seem "New" and "Innovated", but in reality they are old concepts repackaged to look new because they claimed to be in untapped or out of the box areas. Until now the park industry has been able to avoid this type of attention take a look at http://www.mhrvadvisors.com/ and you will see there is a very sophisticated.



I am not, repeat not, trying to discourage anyone from investing in Mobile Home Parks. However, I think these seminars and books to a disservice to energetic and motivated people to buy books and attend seminars designed to sell a concept and not really make you money. First is the concept that park owners are some kind of relic that doesn’t know what they have. Wrong, park owners own parks because they know exactly what they have. Second they know what a lease option is and the seminars and books never tell people what an option consideration is in a master lease scenario. Basically it is like a deposit for a sale, security so the property isn't "Juiced" then leaving the owner to take back a bad asset.

It doesn’t make sense that a property owner let a lone a park owner would elect to give up a cash flowing property for zero down and give a buyer a win, win win. Most of the seminars spend most of their time justifying how beneficial this is to the seller somehow even helping them. Step a few steps back and this mythical means of purchase starts to look more and more like a sales technique for books and seminars. Third, park owners and park brokers know exactly what they are doing and just because a seminar claims to tell you some snake oil way the park industry works they are wrong. Like any financial market there are well establish protocols. There is very good information and ideas in many of the mobile home park seminars and books. But keep you radar on and if some trick of the trade seems wrong ask me here. Or visit http://www.mhrvadvisors.com/mobile-home-parks-for-sale-&-rv-parks-for-sale-listings-in-ca-az-nv.html



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