I'm going to be acquiring a park with some vacant lots I already know about doing test ads..etc but when it comes to a vacant lot and filling that spot is it just like advertising a rental home? I had an idea of getting with the local dealers in the area. When buyers are looking to purchase a mobile home where do they look to find lots for I can be in place to be seen
Investor 路 Naples, FL 路 Member since 2009 路 167 posts 路 165 votes
5y
Hey Allen! They don鈥檛 usually look for empty lots. You need to buy the homes, bring them in, set them up and sell them onsite and ready to move in. As you know people can not visualize and usually need to move In 30-60 days. Right now the new home backlog is typically over a year and used homes are hard to come by. Start placing orders immediately after closing to get in the pipeline for delivery this time next year. when filling lots, think of yourself as a developer/builder and after you sell it think of yourself as a for profit home owners association. 馃槈 Hope this helps.
Investor 路 Naples, FL 路 Member since 2009 路 167 posts 路 165 votes
5y
Hey Allen! They don鈥檛 usually look for empty lots. You need to buy the homes, bring them in, set them up and sell them onsite and ready to move in. As you know people can not visualize and usually need to move In 30-60 days. Right now the new home backlog is typically over a year and used homes are hard to come by. Start placing orders immediately after closing to get in the pipeline for delivery this time next year. when filling lots, think of yourself as a developer/builder and after you sell it think of yourself as a for profit home owners association. 馃槈 Hope this helps.
Real Estate Investor 路 Ste. Genevieve, MO 路 Member since 2009 路 363 posts 路 944 votes
5y
While buying homes and bringing them in to fill vacant lots is the traditional -- and fastest -- method to fill vacant lots, there are several other options that can work if you work them aggressively:
1) Bring in seniors with RVs who are retiring and want to live in their RV full time. This is a growing trend nationwide. To do this you'll have to advertise for RVs with signage and on the internet, and have good on-line ratings.
2) Have dealers bring in old, used homes (typically 1980s and early 1990s) and sell them already set up in your park.
3) Have "Lonnie" dealers (people who buy and rent out old mobile homes) bring their homes into your park.
4) Get "organic" moves into your park in which people move their trailer out of a competitive park and into yours (you'll have to pay for the move).
In the interim you can rent all the vacant lots to the nearest neighbor so they can have a larger yard. That will at least spare you the mowing cost.
construction 路 Nacogdoches, TX 路 Member since 2011 路 2k+ posts 路 1k+ votes
5y
@Allen Martin, I haven't had a problem buying a house and selling it since Dec of last year. We have bought a few homes and they sold the same week. We were lucky that we found a (very nice) mom and pop that was going out of the business and wanted peace and quiet and was selling the homes but not the land. They live on site. These were nice homes and as they move out he sells them to us. They sell within the week for us and he just wants out of it. He is retiring.
We found him on FB marketplace but we had to offer him cash as soon as he listed the first ones. Now he calls us first when he is getting ready to move another one out.