Last fall I attended a financial seminar and learned about how mobile parks can be a source of income. Here are some of the notes I took. I hope they can be of use.

• You can get a park for the same cost as a home.
• Good for residential income.
• Good for very little income.
• Mobile homes or build at a higher standard than homes.
• Purchase mobile homes after 1980s because that’s when quality improved
• repairs are easier on mobile homes because parts or module and can be replaced more easily.
• Recession proof housing because the cheaper.
• Mobile home park store.com is a website that offers home parks.
• 25 units plus you pay for manager
• city and water means that place that is septic tanks.
• You want to C and B level. Not dirt roads. The one longer box.
• No pools or recreation.
• 8 yield is not worth buying. You want a higher yield.
• Mobile homes have unit and pad payments.
• Renters pay all bills.. Repairs on units since their conditioners are also responsible you want to have by the mobile home owner.
• Master Bill: is when everyone shares the bill, this might be like cable.
• You might offer a potential mobile home user one thousand dollar down and $500 a month to rent to buy.
• Each purchase needs to be a break even starting on day one.
• CNL: commercial net lease.
• COG: cash of goods sold.
• Business plan: overestimate your expenses and underestimate your income.

If you have something to add to this topic, please add it to the comment section of this blog. Thanks.