How to split costs with TOH

[Samuel Coronado]

I own 20 acres of land with two road frontages. The plan was always to do a trailer park-type community. I have someone who is interested in setting up their double wide on my land and rolling the infrastructure costs into the 25 year loan that will become their mortgage. The question is how to do this for a win-win. They'll be footing a lot of the bill up front (maybe $16k, depending where the contractor bids land). Do I delay lot rent for a bit, keep it reduced for so many years, etc. Any clue on how to do this? Typical lot rent would be 400-500 a month for a double wide in this area. It would be about 2.5 years of lot rent worth of work before breaking even and beginning to profit. This double wide would be separate from the larger park, with a separate lot, road frontage, private drive, bigger yard, etc. 

[Rachel H.]

@Samuel Coronado When mobile home parks are needing to fill their vacant lots, usually they do delay lot rent. Anywhere from 6 months to one year, depending on the supply and demand. 

In your case, this might be a good way to go since the buyer is going to be putting a lot of money into infrastructure costs with the land setting up the doublewide which include other costs such as moving, hook ups, etc. 

Parks have also offered to pay a portion of moving costs and hook ups, if needed. 

Hope that helps!