Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on .

User Stats

13
Posts
0
Votes
Bob Bates
  • Electrical Contractor
  • OR
0
Votes |
13
Posts

Development project with slow absorption due to availability

Bob Bates
  • Electrical Contractor
  • OR
Posted

I'm looking at a property that can purchased for a great price due to costs associated with bringing in city services that can be developed into an 80 space mobile park.  After doing some research the cost of adding city services can be eliminated with STC credits that can be collected when the spaces are filled.  This cost along with the site development costs will be financed.  The difficulty comes in the fact that the mobile manufacturers have an approximate backlog of 40 weeks.  What would be the best play on this considering the slow absorption?