Mobile Home Parks
Anyone on this sub in this space? 
[{"id": "cow8x7l", "text": "I've appraised a ton of them.  What kind of questions do you have?", "replies": [{"id": "cownykr", "text": "I've purchased several over the years. Just seeing who else on here is in the industry...What markets have you appraised in? ", "replies": [{"id": "cowrp0e", "text": "Northern Midwest.  Everything from 30 pads to 650 pads.", "replies": [{"id": "cowrxqc", "text": "Nice. We have several properties throughout the MW. Illinios, Ohio, WI, etc. Usually all 100+ sites. How do you feel about the business?", "replies": [{"id": "coxd2oc", "text": "Larger parks are cash cows.  However, it's becoming increasingly difficult to get financing for the homes themselves.  I've seen a lot of parks buy their own homes and lease to own to tenants and that has helped keep occupancies high.", "replies": [{"id": "coxux8t", "text": "Agree, the home financing has definitely changed the way we do business. Lease to own has been a great alternative. ", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cowfpqe", "text": "My firm has only sold a handful but banks generally hate them. Buyer either needs all cash or owner financing. ", "replies": [{"id": "cowop7w", "text": "I disagree. Lenders have grown to understand the asset class very well and widely lend on it.", "replies": [{"id": "cowwx0k", "text": "That's good to hear. Here in NC, we haven't had much luck with the banks. It might have a lot to do with the shortage of quality mobile home parks in my area. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cowmzxd", "text": "I have bought 6 over the past few years. What would you like to know? ", "replies": [{"id": "cowoigp", "text": "I have acquired several over the years as well. What markets are you in?", "replies": [], "depth": 2}], "depth": 1}]