475: Mobile Home Parks In Small Markets Provide Lucrative Opportunities

One asset class that still has great deals on sub-institutional properties is Mobile Home Parks. Although larger parks near major metros are being acquired by REITs, Private Equity, and other institutions, parks with fewer than 100 sites are still being acquired by smaller investors with less competition. Smaller parks, mostly in tertiary markets, can offer great buying opportunities with value-add components that result in tremendous value and cash flow. Ferd Niemann IV, Mobile Home Park lawyer and investor, has acquired over 20 parks in mostly small markets across five Midwestern states. Ferd is raising a $10,000,000 fund to acquire more parks and leverage the success he’s had with individual assets.