Where to start looking for mobile home parks?
Have only done residential real estate. I see loopnet is considered low tier. Wondering what you's are doing
[{"id": "fspohne", "text": "Are you looking to learn the industry and valuation or are you looking to purchase? \n\nIf to learn the industry, I would start here:  [https://www.manufacturedhousing.org/research-and-data/](https://www.manufacturedhousing.org/research-and-data/) \n\nIf to purchase, the best thing to do is to pick up the phone. It can be to call brokers or title companies about deals to get an understanding of the local market or it can be to actual owners about their project. \n\nThe costs and management associated with a commercial project will vary greatly from a residential project. Talk to a CPA or management firm that has done this particular type of management. It is worth it to learn from them the first couple of years how to do everything and what they use to get a handle on everything.", "replies": [{"id": "fspoqvt", "text": "Would you say brokers basically the same thing as a residential buyer's agent? I'm looking to purchase. Most likely out of state too. What is the process of dealing with a broker like? Are they commission based too?", "replies": [{"id": "fspqvnl", "text": "I am not familiar with residential. I only do commercial. Most capital market agents will work for a commission. They likely will have an exclusivity in representation contract as they will not want to waste their time. \n\nDo not know precisely what you mean by the process. I would assume that they know of off market as well as listed properties. If you are looking outside of your market, I highly, highly recommend engaging a broker to represent you especially if this is your first deal. Better to pay a small percentage that get absolutely fleeced on the deal. \n\nBrokers that do national work, often times retain a local broker for market information that comes out of their split.", "replies": [], "depth": 3}, {"id": "fsprmxw", "text": "You know how some agents seem kinda sleazy and real estate agents have a reputation for some dishonesty?  Commercial doesn't have the legal/union-mandated protections customers get in residential, the sleazy folks are even more abundant, and they're usually smart.  You know the saying \"trust, but verify\" ?  In CRE, a better saying would be \"everything the other party tells you is a lie unless you can prove otherwise.\"\n\nOK, so it's usually not actually that bad, but commercial real estate is a great place to lose money if you don't know what you're doing.  It's assumed everyone is an adult (or a \"sophisticated investor\") with their own accountants, lawyers, brokers, and team of experts.  As far as coming up with a deal, pretty much anything goes, so whatever you, your broker, and your attorney can come up with is fair play.  \n\nOh, also there usually isn't an MLS for commercial real estate (some might be listed in your MLS) - listings are not always marketed outside of the listing broker's contacts, and there may not be commission cooperation (so you might be paying a broker out of your pocket).\n\nFWIW I love commercial real estate.", "replies": [{"id": "fsq0g7k", "text": "I am a broker and I agree with this.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fsprvm1", "text": "Go talk to a couple mobile park owners", "replies": [], "depth": 1}, {"id": "fsqsha3", "text": "How hard could would it be to build one from scratch? You could leverage affordable housing regs, green tech and maybe incentive programs. Just curious.", "replies": [], "depth": 1}]