So, you know, I’ve been in the real estate game for a while now, like close to 20 years, and I’ve got this decent portfolio of over 70 single-family rentals under my belt. And hey, I’m not exactly starting from scratch here – got some cash saved up, a sweet $800k credit line, and some solid connections with local banks. Now, I’ve been thinking about diving into the mobile home park scene, you know, something new to shake things up a bit.
I’m thinking of setting up a new mobile home park, but I’m not looking to mess around. I mean, who has time for that, right? Ideally, I’m thinking of just charging a lot fee and not dealing with owning the trailers myself. But here’s the thing – it might take forever to fill up the park if I expect folks to bring their own mobile homes. And let’s face it, new mobile homes can cost an arm and a leg, like seriously pricey stuff.
I’d much rather go for used homes, you know, save a few bucks in the process. But the thing is, it’s not exactly a walk in the park to find enough used homes quickly to fill up a whole mobile home park. Maybe over a couple of years, sure, but that’s a long time to wait. But hey, there are tons of mobile home parks out there, so it’s gotta be doable, right?
Now, the local laws, man, they can be a real pain, but I’ve heard that in some areas, setting up new parks is allowed. Of course, I’d probably get a lawyer to check out my plan before I jump in headfirst. And yeah, I’ve heard about those “Lonnie deals,” but I’m not really keen on buying into someone else’s park, you know? I’ve had some killer deals come my way before, but then there’s the whole moving the trailer part, and I don’t exactly have a spare piece of land lying around.
So, here’s where I’m at – should I aim for the more budget-friendly single wides or maybe splurge a bit on a nicer double wide? And what kind of bulk discounts can I expect on new mobile homes? Like, when we say bulk, are we talking 5 units, 10, 50? I’ve got some ideas percolating, but man, there’s a lot to consider before diving into the mobile