Mobile Home Parks In Real Life (MHP_IRL) cover image

Skill: Underwriting Essentials

Mobile Home Parks In Real Life (MHP_IRL)

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Selling Parkon Homes Can Bring Down Your Basis

Selling parkon homes comes with liability, additional expense, possible licensing requirements and administrative headaches. But most importantly, selling park own homes can be used to buy down your basis. If you have an all park owned home community and sell the homes for ten thousand per home, that could bring your basis down from 30 thousand a pad to 20 thousand a pad.

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