Updated almost 4 years ago on . Most recent reply
Mobile Home Land Investing
Hey I have an opportunity to purchase a half acre lot zoned for and previously used for mobile homes. What potentials do I have if I purchase the land? and Is investing in a mobile home lot this size worth it?
Most Popular Reply
First thing you need to do is determine zoning. If it is zoned for MHP (legal conforming) then you can legally use the land for it. If it’s legal non-conforming you need to find out if the MHP use can still be used since it has stopped operations. You’re going to need to get a land use attorney involved for this to be sure you can do what you want. My suggestion it to buy an existing park that is already producing income and has room for you to improve it. New development or a very low occupancy park is going to be a heavy lift and more risk than a new investor should take on. Too much to explain in a post but check out my profile for some resources to learn about mobile home park investing. Good luck.