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.
most people don't realize mobile home parks are huge money maker
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Thanks your reply! The land is already zoned for mobile home. n
-WhereIsMyHome-
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11/23/2009 postreply
20:50:42
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now make sure you understand the zoning is for multiple units,
-jy101-
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11/23/2009 postreply
21:17:36
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how about if you want to sale it later.
-lkk1080-
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11/24/2009 postreply
20:42:08