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Trailer parks as investments
Posted on 9/23/14 at 7:28 am
Posted on 9/23/14 at 7:28 am
What do you guys think of trailer parks as investments?
4
Posted on 9/23/14 at 7:40 am to bobaftt1212
They are actually my favorite type of commercial real estate investment.
Posted on 9/23/14 at 8:11 am to I Love Bama
I like them. Very low property taxes, very low general liability insurance rates.
Posted on 9/23/14 at 8:21 am to bobaftt1212
Just have to not mind getting your hands dirty.... Straight slum-lording it
Posted on 9/23/14 at 8:57 am to I Love Bama
Do you generally own all of the trailers or just the land and the hookups?
Posted on 9/23/14 at 9:16 am to SLafourche07
I know a guy who does very, very well with this. He owns the actual park - not sure about the trailers themselves. I've heard section 8 housing can be very profitable - if you don't mind your apt/house/trailers being destroyed in the process
Posted on 9/23/14 at 9:42 am to DucksnBucks37
that is kind of the thought process. My parents sold a farm and are looking to roll it over into a property. I keep telling them that will probably generate the most profit in their budget. I imagine I will have to help them manage it but so be it.
Posted on 9/23/14 at 11:14 am to bobaftt1212
DEALS ON WHEELS!!!!
Posted on 9/23/14 at 11:22 am to Fat Bastard
I own the manufactured home park. I don't own mobile homes. Some of these are pretty nice. $80-$90K nice.
Posted on 9/23/14 at 11:23 am to SLafourche07
Owning the land gives an awesome ROE and a lot less headache.
Owning the trailers can be good, but isn't worth the trouble and has less stickiness for the tenants.
Once you start, find your best tenant and offer him free rent if he acts as the property manager. It's the best money you will ever spend.
Owning the trailers can be good, but isn't worth the trouble and has less stickiness for the tenants.
Once you start, find your best tenant and offer him free rent if he acts as the property manager. It's the best money you will ever spend.
Posted on 9/23/14 at 3:01 pm to bobaftt1212
buying one or developing one?
Posted on 9/23/14 at 7:35 pm to TheHiddenFlask
quote:
Once you start, find your best tenant and offer him free rent if he acts as the property manager. It's the best money you will ever spend.
Agreed.
My grandmother owned an RV park. Most if the tenants were longer term folks down for a local oil boom. That what she typically did and it worked out great.
Posted on 9/23/14 at 10:23 pm to bobaftt1212
quote:
My parents sold a farm and are looking to roll it over into a property.
Address the issue of sewer hookups vs. septic first. Health department Nazis could wreck your day if you have to install a treatment plant.
Posted on 9/23/14 at 10:25 pm to tysonslefthook
I had a real estate professor that owned a couple trailer parks. He said when tenants would move the cost to move the trailer was more than the value of the trailer so he would get it for free and rent it out.
Posted on 9/24/14 at 7:04 am to bogart
quote:
I had a real estate professor that owned a couple trailer parks. He said when tenants would move the cost to move the trailer was more than the value of the trailer so he would get it for free and rent it out.
This sounds like where you can really get your nut.
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