Updated almost 9 years ago on . Most recent reply
Park next to busy road. Big Negative?
Hey fellas. I'm looking at a park right now with 2 rows of homes. One row is along a busy two lane road with some schools on the other side.
On one hand I'm thinking the traffic on that road would make it very easy to advertise the park. On the other hand the homes that are along that road might have a higher turnover.
You guys have any thoughts on this or experience with parks like this?
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Freeways, railroad tracks, busy streets, under flight paths don't always bode well for any real estate investments. That stated I would start with some due diligence on vacancy and turnover history and what the current rents are and where you think you can go with them without upsetting the apple cart.