Episode Details
Back to EpisodesMobile Home Park Deals Start With Underwriting
Description
Most people don’t lose money in mobile home park investing because the asset class is broken. They lose money because they buy wrong, believe bad pro formas, and skip the unsexy work that keeps a deal alive after closing. We’re unpacking what that looks like in the real world, from the first conversation with a would-be buyer to the exact reasons parks turn into cash-flow nightmares.
We talk through how we approach mobile home park underwriting so you can quickly tell what is worth deeper diligence, what needs a different price, and what should be an instant “no”. You’ll hear why I say I don’t “find” deals, I manufacture deals, and how consistent, underwriting-driven follow-up turns early rejection into a future opportunity. We also get into how to communicate your numbers to sellers in a simple way that keeps the relationship intact, plus when it makes sense to wholesale a park you don’t want to own.
Then we hit the big landmines: overpaying, rosy assumptions, and value-add plans that don’t pencil, especially around infill and sourcing homes. We dig into due diligence on utilities like water lines, sewer lines, septic systems, leaks, and collapses, plus the deal-killer most people underestimate: flood zones. If a park floods, operations get wrecked and flood insurance can eat your cash flow. We also touch marketing basics like building a website and running Google Ads, and why mentorship or partnering with experience can keep you from learning the hard way.
If you want practical insight on buying, operating, and scaling mobile home parks with real numbers and real risk filters, hit play, subscribe to Property Profits Podcast, and share this with someone who’s about to buy their first park. If it helped, leave an honest review and tell me what topic you want next.
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