Hildy, I have been buying manufactured home communities for 31 years now and from my perspective it all boils down to what return you are willing to accept. If you want/require at least a 10% return and your property cannot achieve it - sell it. However, if it is cranking 18-25%, I could refinance it to the amount where I would be achieving my 10% and reinvest the rest in another property. Or, just keep the 18-25% and be happy!
Aug 26, 2010