Updated over 7 years ago on . Most recent reply
Vacant mobile home park
Hello! I am looking at a mostly vacant mobile home park for purchase. My question is, if i wanted to make some online posts or try to understand the demand for renting one of my future lots, where would I go? Any tips on how I can figure out if I will be able to fill the lots after I take ownership?
Most Popular Reply
@Brandon Wynn - It is unlikely that you will fill up your park by marketing to people to move to the park unless a park nearby is getting shut down. Over the 3 years I've been doing it and over 100 vacant pads in multiple parks, I think we have lured 3-4 people.
Your market might be different but I would go more proactive and acquire homes and bring them in yourself. It is very capital intensive but the payoff can be nice.