Here’s What $400,000 Can Buy You In A Mobile Home Park REO

Here’s a video of the mobile home park we just bought in Anderson, Indiana. For the price of a nice brick house, we bought a 77 space mobile home park with 23 lots rented at $210 per month, plus 37 park owned homes. And the location is sandwiched between a high-rise apartment building and an upscale funeral home & cemetery, on the busiest street in town. Try and top that with a single-family home investment. Or apartment complex. Or anything else.

*Disclaimer: We plan to do the rent raise in 2 stages.