Texas Mobile Home Park from Scratch - Yes/No?

Question

Hi all,

I am new to BP. I would love to get feedback as I am a newish investor. I have a couple of real estate deals with multi-unit affordable housing.  However, I am looking to start a mobile home park from the ground up which I have not done before.  I am looking to provide rent to own mobile homes.  I am in the north texas area and have the land under contract.

I read some of the posts about the challenges and some posts going as far as to say it is a terrible idea.  I'm not necessarily convinced i should change plans.

Thanks for additional advice as I engage design engineers, contractors, and mobile home wholesalers.

Thanks

Brent Tiano · Answer

Water and Waste water systems can be very expensive to add if you are out of the city / county system.  Consider contacting a private utility and teaming with them to mitigate the costs.

Jace Perry · Answer

Curious to see where your park is located and what process you are at with the project? I am interested to develop as well and would love to learn from your experience.

Bruce Lynn · Answer

What county is your land in?....that can make a big difference.  If you are in one of the big populous counties I'll be surprised if they allow you to do this.   If you are in one of the less populous ones you may have a chance.  Seems like there is good demand for these.  RV park might be better than mobile home park.  Maybe easier to shift things around as you need to.

Mitchell Benson · Answer

In my area people started to build RV Parks instead of mobile home parks because of the requirements for permits from the county

Mitchell Benson · Answer

The hardest thing I have seen about this is utilities and the permitting. If you have a good hold on those things and the numbers work you should be good 👍🤠