Mobile Home Park AGENCY DEBT requirements (from my experience):
- All homes must have skirting
- Remove or cover all hitches
- Off street parking (2 cars/lot)
- Fix all deferred maintenance
- Clean phase 1 / survey/ engineering reports
- Better approval chance/ terms with $6mm+ loan amount
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Disclaimer
The information provided is for informational purposes only and should not be considered investment advice, nor a guarantee of any kind. There are no guarantees of profitability, and all investment decisions should be made based on individual research and consultation with registered financial and legal professionals. We are not registered financial or legal professionals and do not provide personalized investment recommendations.
Andrew Keel
https://keelteam.comAndrew is a passionate commercial real estate investor, husband, father and fitness fanatic. His specialty is in acquiring and operating manufactured housing communities and self storage facilities. Visit AndrewKeel.com for more details on Andrew's story.