most people don't realize mobile home parks are huge money maker

most people don't realize mobile home parks are huge money maker.

just look at the number, a 5 acre park can easily house 200 units, at $300 per lot, cash income is $60k per month, the only utilities included is water.

the con is up front cost, 5 acre ground with proper zoning cost about $250k, road and under ground utilities (electrical, gas, water, sewer, cable, phone...) about 600k-700k. bank don't like to financing this type of investments, the most bank do will loan be 50% of the ground, so you need 800k upfront.

I have a friend owns one, huge money. this guy was a body shop owner, now retire, own about 150+ units and a 100 space trailer park.

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• Thanks your reply! The land is already zoned for mobile home. n -WhereIsMyHome- ♀ (0 bytes) () 11/23/2009 postreply 20:50:42

• now make sure you understand the zoning is for multiple units, -jy101- ♂ (95 bytes) () 11/23/2009 postreply 21:17:36

• how about if you want to sale it later. -lkk1080- ♂ (43 bytes) () 11/24/2009 postreply 20:42:08