How do I go about finding investors interested in becoming equity partners in mobile home park investing? The rate of return is 15%. I currently have 1 mobile home park in Florida under contract with a cap rate of 17% and several othe mhps in various stages of negotiation which also have high cap rate – 15%+.
MHPGuru
Have you tried putting an ad on MHPS.com (www.mobilehomeparkstore.com) I know they use to have a section for Partnership Opps.
Richard Stephens
Thanks, Richard.
MHU has a connections page that has quite a few people looking for equity partners (http://www.mobilehomeuniversity.com/mobile-home-investor-connections.php). I would also look on this forum and on your local real estate club forum. Networking at your real estate club or national conferences is a great way of finding equity partners as well.