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Mobile homes are becoming increasingly popular among those who want to invest in their own property, but are on a strict budget. Just because you do not own a site built home does not mean that you cannot enjoy the luxuries that you would expect to be able to enjoy when owning your own home. Mobile home parks are a very low management type of real estate. Unlike most other forms of real estate like apartments, self-storage, duplex, etc. not much happens on a daily basis.
Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home park. Certain buyers may have different motivations for buying a certain park such as money, ability to obtain better financing, conversions to other uses, and location to where they live. In this book we will only look only at the value of a mobile home park for the typical buyer who will continue to operate it as a mobile home park.