0:30

Catherine Bell breaks down the economics of buying closed mobile home parks. Expect 7-10% cap rates, and budget $40,000-$70,000 per pad to reopen them. Adding 20 pads costs roughly $1.4M-$2.0M before land.

Questions this video answers

Roughly 7% to 10%.

Approximately $40,000 to $70,000 per pad.

Approximately $1.4 million to $2.0 million.

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