Building a mobile home park from the ground up.
I’ve heard that you should never build a mobile home park from scratch, but I inherited some land in a prime school district. With no rental properties in the area. I already own A trailer park in the next city. But the initial cost of it could be upwards of $100,000. Just for all of the things the engineer wants to do and the ground prep work. They are saying I could get 22 trailers paying seven to $800 a month. How much is too much money to spend? And where do I get the money? Local bank? Or an investor?