Mobile Home Park Investing

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David Flores
  • Rental Property Investor
  • Morgantown, WV
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233
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RV Park - Texas - Permian Basin - Good Long-Term Investment?

David Flores
  • Rental Property Investor
  • Morgantown, WV
Posted Oct 5 2019, 06:41

Hi BP World,

I came across an interesting deal that I wanted some advice on. Mainly for those involved in RV parks in Texas. The RV park is located in Permian Basin where there is currently a ton of activity. The RV park is listed at a decent price which would come with it a decent sized loan amount. The finances look great with a 100% occupancy since 2017. 

At first I thought this was a slam dunk gem. But, as I do more due diligence I have concerns about how long/sustainable the RV park will be. My questions are the following:

- Do oil worker jobs go through cycles or are they stable for 10+ years once a good site like the Permian Basin is found. 

- Could it be possible that 5 years down the road all jobs could be dried up because the market for oil just isn't doing well.

- Is anyone familiar with the Permian Basin area and has a rough idea of when/if jobs are sustainable for years to come. 

Obviously the main concern here is getting involved into a large loan, jobs drying out, and my park becoming a deserted island.



 

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