Request Guidance - Tear Down Cost for Mobile Homes
Dear Biggerpockets Members,
I am currently actively looking to purchase a mobile home park and i have found one which seems in a pretty bad condition. It is an 8 space mobile home park which seems to have 8 park owned homes and all of them needed to be replaced. Road also seems to be be in pretty bad shape and needs maintenance. I am a newbie in Mobile home investing and would request guidance from members which i would appreciate on the following questions.
1) How much will tearing down the 8 Mobile homes cost?
2) How much will it cost for new homes including installation?
3) I would prefer it to be a space only rental and how to identify if i would get business with space rentals? I can hold out for some time and see if that would be an option.
4) How much would laying a gravel road cost?
5) Is it better to lay a tar road vs gravel road?
6) I currently live in Texas, but thinking of out of state investment as property taxes seem to be high in texas when compared to other states.