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Updated over 4 years ago on . Most recent reply

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14
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3
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Kori Kelly
3
Votes |
14
Posts

Buying a trailer park

Kori Kelly
Posted

I came across an off market small trailer park the other day. Found the owners number and talked with him briefly. Its 5 trailers 5 separate septic tanks and all homes are occupied. He makes 3000 a month off rentals and it sits on 3 acres of land. He is asking 300k. How do I put a deal like this together. I am Still a rookie at best. I have 2 rental properties under my belt and I think this would be a great transition

Most Popular Reply

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758
Posts
285
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Aigo Pyles
  • Flipper/Rehabber
  • Memphis, TN
285
Votes |
758
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Aigo Pyles
  • Flipper/Rehabber
  • Memphis, TN
Replied

@Kori Kelly

Have a good look first on the market in that area. Is 3K net income? It seems high. It could be a great opportunity. 

Investing in trailer park is a good investment opportunity.

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