Established Vs Room To Expand?
In researching mobile home parks I have found the proper selection can be an excellant source of cash flow. As this is a new area of investment for me, I am hoping an experianced MHC investor can share some wisdom.
In selection of a park for purchase, is it a better option to buy a well run park with no room to expand and anticipate appreciation and rent increase as your play? Or is the better buy long term to spot a park with expantion potential where addittional homes can be brought in for increased cash flow?
Lastly how feasible is sell off to developers in the future for conversion to another type of developement? Does purchase of parks happen often as urban sprawl creeps up?
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