I bought your book! I watched your videos, and now because of you, I have my own real estate investment company, I purchased my first mobile home park, (20 units) also self storage units! After 40 years of working for someone else, I am now my own boss! The future’s so bright, I gotta wear shades! THANK YOU!
Great video! My father and I just bought a 2 acre lot that is in a great location in town that is zoned RM5. We are highly considering a mobile home park. Lot lease only. This lot is located between two other MHP that have been around for 50+ years with a strong Latina community. We initially wanted to build duplexes, but seeing as how the two MHP's beside the lot are probably NEVER going anywhere, it did not seem to make much sense as far as property value and home value. The parks next door are FULL and as I mentioned before, the tenant demographic is mostly, if not all, Latina. These tenants tend to be LONG term and develop their own communities within the parks (family, friends, etc). This video is very helpful!
As soon as I heard the average rental in US is 1k, I knew the video is dated! Though I'm sure the process is still a firm good plan! 👍Thanks for the information!
Mr. Harris, I have been impressed with your ads and trainings as a real estate investor and mentor from the first introduction. I have some investment capital to consider your course and trainings. Thank you for your knowledge and sharing these opportunities.
We have 105 acres we own outright. We are concerned if we develop all the land for MH pads and bring in utilities that people will not pay $3-5k to move or bring a MH to our pads as you said in your video people buying in this market don't have 3-5k to move a MH to our pad! I believe we may need to actually provide the trailers on the pad too ready for sale (which we don't want to but not seeing another way around it)? Because if I were someone buying a MH to live in I would look for a MH already in place with the pad and everything so I can skip all the upfront costs associated with buying AND moving one? It is also 5k sunk cost that the person will never get back but if it's apart of the sale they really won't know it or feel it because it will be apart of the financing and monthly payment and not 5k they have to dig out of their pocket? Thoughts?
Thank you very much for the video and your time it took, to make it. What i always ask myself is, why do people sell a good running business? I mean, if your really get 10% or more ,there is no reason to sell, right ?
Great video. Very helpful and you're a wonderful teacher. I feel like this is something I could actually do. I subscribed and look forward to watching your other videos and learning more from you. Thank you!
"Hi Peter Harrison, I enjoyed your video! At 15:30, you mentioned buying at a 10% cap rate and aiming for 15% in 5 years. I thought cap rates and value were inversely related. For example $30,000 NOI / 10% Cap = $300,000 value and $30,000/15% Cap = $200,000 value. - can you please elaborate on how this strategy works? Thanks!"
There are two types of Cap Rate; market cap and deal cap. I was referring to a 15% deal cap. This blog article explains more of the difference between the two and how they are calculated: www.commercialpropertyadvisors.com/commercial-real-estate-terms/#cap
I’ve been watching some great TH-cam videos including yours ... about mobile home investing , legally what do I need to start the process In Florida? Any recommendations in classes or websites
Does anyone have any advice on buying land and setting one up yourself!? Im from a country town that is consistently becoming more populated. I’m just at work thinking of getting into this and I haven’t done a ton of research on it yet. But I’m considering buying some land and setting up a few mobile homes aiming at a certain demographic as far as renters. I want a nice clean place where you don’t have to be afraid to let your children play outside in your yard. 🙂
Your statement about owning the lots and not the mobile homes. Long term I don't see how that can be done and maintain a nice park. Can you explain further? You will have evictions, people will abandon the homes, And now these places will be sitting on your lot to either fix up or move out. Are you saying at that point you pay to move out to home and wait for a new person to come in? That also needs me to my next line of questions regarding your average mobile home renter. Most won't have the credit nor down payment to go buy a new home let alone the cash It takes to move one into your park? So now you have a vacant lot that could sit there for a year or two until you find that random person with money. It sounds good in theory to just own the dirt but I'm curious if that is reality. I'm a long time home investor looking to get into commercial investing.
If you want to turn your land into a Mobile Home Park, I would strongly suggest obtaining the proper permission from the governing bodies that handle land use.
Near the beginning of the video, you explain that mobile home park investing is potentially more lucrative than other commercial properties, and explained that you were going to compare their returns to apartments, but then didn't compare the returns. What can you expect?
This is a really good question. Apartments are in higher demand by investors. Not everyone is willing to say they own a Mobile Home Park(s). Bankers are more interested in Apartments because there is a secondary mortgage market for them as well and they're more common. Meaning they can get there money back to loan to someone else and retain servicing. But what are the numbers? Let's say the current interest rate for an apartment loan is 5%. At the same time the mobile home park loans are 7%. So why would you want to spend more on interest for a MHP? Here's why, the Net Operating Income as a percentage of investment is much higher. Cap rates on apartment might be 7 while at the same time they are 11 for a MHP. Apartment complex, $30,000 NOI / 7% Cap rate = $428,571 Value or sales price. MHP $30,000 / 11 Cap rate = $272,727 value or sales price. So for a smaller investment you receive the same $30,000 Net Operating Income. So the return on your investment is much better. If money is tight for you as an investor you are going to look for the best return and you would find that in MHP vs Apartments. There is one thing that is often not said but it should be here. Higher return investments have higher risk. Another reason why investor like apartments over MHP.
Great Stuff Peter!! What about Staying Away from Flood Zones? ..Also, how do you feel about getting in on a MHP Syndication deal with a 5 or 10 year exit strategy?
Thank you Peter i want to buy For Next year but i need to need more information before I investing I live in Massachusetts i very aplesured any help thank you for you video !
This is very informative. We own our mobile home park but we have renters on them. We purchases these mobile homes which now I realize was a mistake. Do you recommend demolishing these homes in disrepair first to clear the homes from the land, then rent those lots? Or should we sell them as is so someone else can move them?
Look up the nearest Palm Harbor homes. Put ad in paper and on youtube for persons to purchase only from them and set it up on your lot. Get a company to refurbish the homes you have or offer them at price still owed and sell them to people on craigslist, low prices to get rid of them, they must move them. Go through a real estate company to sell them off,
Refurbish the ones that have value and sell them at full retail and rent them the lot only. They take on home ownership for the home and utilities and pay you the space rent
There is a limit for the amount above what it costs the park owner in some states. For example in California you can not charge anything above the amount the utility charges the park owner. It is best for owners who have a community water system to use the gross rent method and charge for the water in the rent. However, tenants differ and don't like not using water for washing their cars or watering etc. so owner will try to limit usage if not metered.
Absolutely! But you would have to be on the developer side of these deals; since it's a brand new deal type and there aren't any for you to buy that are existing.
Mr. Harris said you want get a 10% CAP rate going in and in a few years hope to see it at 15%. That would mean the property value went down. Did you mean it goes down to 5% after a few years? Higher CAP = lower property value. Just sayin’
@doc hall In addition " new " lots run about 60k and up depending on the sq ft of the intended structure just to run utilities . So and average of a 1500 sq ft manufactured home that was 75000 in a park of 50 spaces would be a mear pittance of three million seven hundred fifty thousand dollars . Hmmmmm . under 1500 sq ft might still be 60000 but you can see what I'm getting at. That figure was from 2015 in northern Communist California I'm sad to say.
That's perhaps too small for either an apartment building or a mobile home park. But you could syndicate to raise the required money to do either type of deal. Watch this video: th-cam.com/video/TuL7sjVHi0o/w-d-xo.html
I want to buy a mobile home but how do I go about it? How do I see what the land rent is and manufactured home rent is? Would it be cheaper than renting an apartment overall?
Awesome this is what me and my husband want to invest in. I live in the country and we need to make money I would love to partner with you. We have a baby boy on the way. We have to start a business. Tired of working for somebody. I need to work for myself
A couple questions: In holding the property in an LLC what type of taxation would be the most advantageous? Is there really any downside to having a water well over city water? Would city water be preferred?
Hi Peter, I have a question. The property next to my house is up for sale, it’s a .6 acre lot with some waterfrontage, it had a trailer home on it before that’s gone now. The asking price is $38k but I believe I can get it for about $26k I am using a equity refi on my home to purchase it and would like to put 3 trailer lots on the property and rent them out. From what I’ve seen I believe I can get $450. - $500. A month for each. I would have to get a loan to put in the trailer pads, the 2 additional modabs, water lines, and electrical service poles before I can rent it out. I figure a loan of about $20k - $30k will do it. Would this be a deal you would call good, bad, or ugly? I would like to do more small multi trailer lots like this until I have enough to secures loan for my first apartment building.
Except in a tenant friendly state like California. You can’t just evict without a court order and you can’t just take the home without a separate court order. Texas is awesome. It’s a landlord friendly state and you kick a tenant out in 30 days.
@@froggergypsy4596 if someone is that stuip to get evicted and lose there home then you get there trailer and sell it again more money for you works out in your favor
What does this mean @jeffsharpton. Would you explain a little? Lower caps means higher value. As inflation and interest rise, so do caps. Help me understand what you mean please?
batterista - you don’t want to own or have any liability of the house. Your phone will not stop ringing and you’ll either be fixing problems yourself or paying out the wazoo having someone else fix it. You want to own the land and lease it out. It’s what McDonald’s does, they don’t own their buildings. That would be insane. Mcdonalds owns the land.
I will not dispute the wisdom for someone who can own the park....however, only an IDIOT would put a mobile home in these parks...after the home is a few yrs old, you are trapped.
Hi ,l invested in mobile home, it was the worst thing I ever did. I paid £38.000 cash. I was evicted 2 seasons later, for trumped up accusations from my neighbours, which the park home owners(PURE LIESURE GROUP). said that l had broken their rules.so they claim my. Licence was REVOKED BY THE COUNCIL ? WITHOUT ANY WRITTEN NOTICE. I was paid£7.000 trade price only at the peak of season. GOOD INVESTMENT?NO...........
Mobile homes depreciate in value and if they are in a park, as you discovered, you have no control. Mobile Home Parks is what this video is all about because they appreciate in value and you have complete control over what happens to them.
Buy your first mobile home park with my help by applying to my Protege Program: www.commercialpropertyadvisors.com/protege-program
I bought your book! I watched your videos, and now because of you, I have my own real estate investment company, I purchased my first mobile home park, (20 units) also self storage units! After 40 years of working for someone else, I am now my own boss! The future’s so bright, I gotta wear shades! THANK YOU!
Awesome..May I ask what state are you located in?
How did you buy the w0 units if you dont mind me asking. Did you finance? Or cash
Lawrence t. Mcguilicutty congrats! Would be great to have you on my podcast
Lawrence t. Mcguilicutty Congratulations 🎉
Lawrence t. Mcguilicutty what’s the best way to contact you? I am a great, teachable student and ready to invest! I understand your time is valuable
I appreciate the amount of work you put into this well planned video
Great video! My father and I just bought a 2 acre lot that is in a great location in town that is zoned RM5. We are highly considering a mobile home park. Lot lease only. This lot is located between two other MHP that have been around for 50+ years with a strong Latina community. We initially wanted to build duplexes, but seeing as how the two MHP's beside the lot are probably NEVER going anywhere, it did not seem to make much sense as far as property value and home value. The parks next door are FULL and as I mentioned before, the tenant demographic is mostly, if not all, Latina. These tenants tend to be LONG term and develop their own communities within the parks (family, friends, etc). This video is very helpful!
How do you find property zoned for MHP?
Great info! I've been investing in the actual mobile homes for a couple of years and have seen great success as well. Thanks for sharing :)
How much does it cost to move a Mobile home where u guys are located?
Thank you Mr. Harris! Just found you on TH-cam. You are a great teacher.
This was a fantastic lesson and plan on advising on Mobile Home Park Investing. Really enjoyed it and am looking for more from the same guy.
As soon as I heard the average rental in US is 1k, I knew the video is dated! Though I'm sure the process is still a firm good plan! 👍Thanks for the information!
I think now it's about 2500 k a month
Thank you Peter, Peter you a so brilliant in this subject matter.
Mr. Harris, I have been impressed with your ads and trainings as a real estate investor and mentor from the first introduction. I have some
investment capital to consider your course and trainings. Thank you for your knowledge and sharing these opportunities.
wow thanks for the advice. im going to start investing on dirt and rent the dirt. its the way to do it.
We have 105 acres we own outright. We are concerned if we develop all the land for MH pads and bring in utilities that people will not pay $3-5k to move or bring a MH to our pads as you said in your video people buying in this market don't have 3-5k to move a MH to our pad! I believe we may need to actually provide the trailers on the pad too ready for sale (which we don't want to but not seeing another way around it)? Because if I were someone buying a MH to live in I would look for a MH already in place with the pad and everything so I can skip all the upfront costs associated with buying AND moving one? It is also 5k sunk cost that the person will never get back but if it's apart of the sale they really won't know it or feel it because it will be apart of the financing and monthly payment and not 5k they have to dig out of their pocket? Thoughts?
wow thats acutally pretty awesome man. iv loved the "for dummies" series since i was a child learning dos
This was extremely helpful!!!!!! 10 out of 10!!!
In florida it costs around 8k to 12k to move a home
Kenneth Guzman cost in Tennessee depends on distance and size
That’s similar to California.
That should keep people living in the park longer you would hope anyways
This is amazing and I am now interested
Thank you very much for the video and your time it took, to make it. What i always ask myself is, why do people sell a good running business? I mean, if your really get 10% or more ,there is no reason to sell, right ?
Maybe. Some are looking to remove themselves from the responsibility.
Mobile Home Estates are really popular where I live at and I’m very interested. I like mobile homes and I like mobile home parks.
You are an excellent teacher.
Why didn't I know this five years ago OMG I just started this week I found three homes really close to putting one under contract
Great nuggets!🙌
this man is cut-throat. I fw it.
Great video. Very helpful and you're a wonderful teacher. I feel like this is something I could actually do. I subscribed and look forward to watching your other videos and learning more from you. Thank you!
"Hi Peter Harrison, I enjoyed your video! At 15:30, you mentioned buying at a 10% cap rate and aiming for 15% in 5 years. I thought cap rates and value were inversely related. For example $30,000 NOI / 10% Cap = $300,000 value and $30,000/15% Cap = $200,000 value. - can you please elaborate on how this strategy works? Thanks!"
There are two types of Cap Rate; market cap and deal cap. I was referring to a 15% deal cap. This blog article explains more of the difference between the two and how they are calculated: www.commercialpropertyadvisors.com/commercial-real-estate-terms/#cap
@@CommercialPropertyAdvisors Oh Thanks.
I’ve been watching some great TH-cam videos including yours ... about mobile home investing , legally what do
I need to start the process In Florida? Any recommendations in classes or websites
We focus on owning the parks; not individual mobile homes in parks.
Me encanta ver los móvil home por lo bonitos y espaciosos por dentro, y mi sueńo es tener uno en orlando aunque tengo mi casa en puerto rico
Hola guapa
Great instructional video! Thorough and easy to follow!
Such great info, and very easy to understand...thank you!!
I am new to all of this. great info. how many women do you know of that own and operate MHC?
good morning, with the master lease is there a down payment, and also can you give an example of a deal
Go head Brutha Man! Go head!
Is there some way for a beginner who wants to buy in a MHP to find out if the HOAs are good? Thanks
Does anyone have any advice on buying land and setting one up yourself!? Im from a country town that is consistently becoming more populated. I’m just at work thinking of getting into this and I haven’t done a ton of research on it yet. But I’m considering buying some land and setting up a few mobile homes aiming at a certain demographic as far as renters. I want a nice clean place where you don’t have to be afraid to let your children play outside in your yard. 🙂
Did you start one up?
No, not yet. Still thinking about it and looking for land and educating myself.
Great teaching...thank you!
Your statement about owning the lots and not the mobile homes.
Long term I don't see how that can be done and maintain a nice park. Can you explain further? You will have evictions, people will abandon the homes, And now these places will be sitting on your lot to either fix up or move out. Are you saying at that point you pay to move out to home and wait for a new person to come in?
That also needs me to my next line of questions regarding your average mobile home renter. Most won't have the credit nor down payment to go buy a new home let alone the cash It takes to move one into your park? So now you have a vacant lot that could sit there for a year or two until you find that random person with money.
It sounds good in theory to just own the dirt but I'm curious if that is reality.
I'm a long time home investor looking to get into commercial investing.
Great Speaker
So I would have to see if I can get a permit for my land to get started?
If you want to turn your land into a Mobile Home Park, I would strongly suggest obtaining the proper permission from the governing bodies that handle land use.
Thanks for the knowledge really appreciate it. Great video.
Near the beginning of the video, you explain that mobile home park investing is potentially more lucrative than other commercial properties, and explained that you were going to compare their returns to apartments, but then didn't compare the returns. What can you expect?
This is a really good question. Apartments are in higher demand by investors. Not everyone is willing to say they own a Mobile Home Park(s). Bankers are more interested in Apartments because there is a secondary mortgage market for them as well and they're more common. Meaning they can get there money back to loan to someone else and retain servicing. But what are the numbers? Let's say the current interest rate for an apartment loan is 5%. At the same time the mobile home park loans are 7%. So why would you want to spend more on interest for a MHP? Here's why, the Net Operating Income as a percentage of investment is much higher. Cap rates on apartment might be 7 while at the same time they are 11 for a MHP. Apartment complex, $30,000 NOI / 7% Cap rate = $428,571 Value or sales price. MHP $30,000 / 11 Cap rate = $272,727 value or sales price. So for a smaller investment you receive the same $30,000 Net Operating Income. So the return on your investment is much better. If money is tight for you as an investor you are going to look for the best return and you would find that in MHP vs Apartments. There is one thing that is often not said but it should be here. Higher return investments have higher risk. Another reason why investor like apartments over MHP.
Great video and thanks for your information. Can you please explain about ANNUAL DEBT SERVICES? And is it a mandatory or are there ways omitting them?
Are you asking about Debt Service Coverage Ratios or mortgages? I would like to try to explain but not sure what you mean?
Paradise cove... overlooking Malibu..
Hello and thank you for your video. Do you know of any MHPs in NC, in the areas of Charlotte, Harrisburg or Concord? thanks
Great Stuff Peter!! What about Staying Away from Flood Zones? ..Also, how do you feel about getting in on a MHP Syndication deal with a 5 or 10 year exit strategy?
Thank you Peter i want to buy For Next year but i need to need more information before I investing I live in Massachusetts i very aplesured any help thank you for you video !
Watch more of these videos
Thank you so much for the video.
This is very informative. We own our mobile home park but we have renters on them. We purchases these mobile homes which now I realize was a mistake. Do you recommend demolishing these homes in disrepair first to clear the homes from the land, then rent those lots? Or should we sell them as is so someone else can move them?
fix up, offer rent own
fvh
Look up the nearest Palm Harbor homes. Put ad in paper and on youtube for persons to purchase only from them and set it up on your lot. Get a company to refurbish the homes you have or offer them at price still owed and sell them to people on craigslist, low prices to get rid of them, they must move them. Go through a real estate company to sell them off,
Refurbish the ones that have value and sell them at full retail and rent them the lot only. They take on home ownership for the home and utilities and pay you the space rent
How do I start my own park, not buying one but starting my own? Thank you for this great info.
Talk to your local zoning department about that one. Good luck!
Once you buy a mobile home what do you pay each month and year ?
Mobile Home or Mobile Home Park Investment?
Mobile Home
Excellent video
Very informative. Thanks for sharing.
Is any limitation on how much power the tenant can spend on water gas an electric when you own the park
There is a limit for the amount above what it costs the park owner in some states. For example in California you can not charge anything above the amount the utility charges the park owner. It is best for owners who have a community water system to use the gross rent method and charge for the water in the rent. However, tenants differ and don't like not using water for washing their cars or watering etc. so owner will try to limit usage if not metered.
Very Helpful.
Is there a secret to replacing a mobile home that leaves? I have been trying from almost a year with no suscess.
Finding mobile homes right now is tough. Getting a new one from a manufacturer is taking us 10-12 months. So we are buying used ones and moving them.
I love your teaching style!! How can I get in touch with you?? I could do with more mentoring...
Apply to my Protege Program here: www.commercialpropertyadvisors.com/protege-program
@@CommercialPropertyAdvisors Thanks.
Good informative video! The organization sets it apart.
Great video with wealth of information keep up the good work
Thank you for the information😊😊
good general info, more specifics would really give it value. Thanks
Could there be a future in conex home conversion parks?
Absolutely! But you would have to be on the developer side of these deals; since it's a brand new deal type and there aren't any for you to buy that are existing.
Thank you for sharing 👍😁
can mobile home owners get HUD help with park rent?
Can you still find an MHU with 10% cap right off? Maybe back in 2014 but time is very different.
Found one today. They are absolutely out there if you know where to look.
@@CommercialPropertyAdvisors You are correct. I found a couple myself as well.
Mr. Harris said you want get a 10% CAP rate going in and in a few years hope to see it at 15%. That would mean the property value went down. Did you mean it goes down to 5% after a few years? Higher CAP = lower property value. Just sayin’
I want to to do this
I’m 80 years old, l’mlooking some thing cheap around L.A.
This is so awesome
Very good. Thank you.
Very informative vedio. thank u sir.
Hi l want to start my career .How can l start can u send me the information.
Amazing video
What about building a park?
It's so much faster and more economically efficient to buy existing rather than building new.
Thank you
Would you suggest just building your own park?
Nice to see doc hall is awake.
@doc hall In addition " new " lots run about 60k and up depending on the sq ft of the intended structure just to run utilities . So and average of a 1500 sq ft manufactured home that was 75000 in a park of 50 spaces would be a mear pittance of three million seven hundred fifty thousand dollars . Hmmmmm . under 1500 sq ft might still be 60000 but you can see what I'm getting at. That figure was from 2015 in northern Communist California I'm sad to say.
Dude watch his video. He clearly says it. Lol it looks like you clearly didn't watch it
@@rickyticky3350 sorry your grace. I must have missed that part
very informative!
Very informative video
Good
How do I get ahold of you sir ?
I've got 25,000. I dunno if I should look into mobile homes or apartments. Help!!
That's perhaps too small for either an apartment building or a mobile home park. But you could syndicate to raise the required money to do either type of deal. Watch this video: th-cam.com/video/TuL7sjVHi0o/w-d-xo.html
This is a good instructional video! I know mobil home park investing is good steady income! You na sayers are full of crap!
I want to buy a mobile home but how do I go about it? How do I see what the land rent is and manufactured home rent is? Would it be cheaper than renting an apartment overall?
I want to buy mobile home park , does anyone know any for sale ?
YEA.....STILL LOOKING?
Go to loopnet for starters
Awesome this is what me and my husband want to invest in. I live in the country and we need to make money I would love to partner with you. We have a baby boy on the way. We have to start a business. Tired of working for somebody. I need to work for myself
How is it going now have you made any investments yet
Not yet
A couple questions:
In holding the property in an LLC what type of taxation would be the most advantageous?
Is there really any downside to having a water well over city water? Would city water be preferred?
Hi Peter, I have a question. The property next to my house is up for sale, it’s a .6 acre lot with some waterfrontage, it had a trailer home on it before that’s gone now. The asking price is $38k but I believe I can get it for about $26k I am using a equity refi on my home to purchase it and would like to put 3 trailer lots on the property and rent them out. From what I’ve seen I believe I can get $450. - $500. A month for each. I would have to get a loan to put in the trailer pads, the 2 additional modabs, water lines, and electrical service poles before I can rent it out. I figure a loan of about $20k - $30k will do it. Would this be a deal you would call good, bad, or ugly? I would like to do more small multi trailer lots like this until I have enough to secures loan for my first apartment building.
Any advice would be appreciated.
Sorry man but u probably want a financial advisior
But I would see this as a decent
Absolutely a good plan. The land is the gold here. Give us an update!
Let's Face it!
Hey Peter, Thanks for the great info. I'm hoping to chat with you when able. Left a msg on your site (didn't realize it was a public msg).
If you own the lot and mobile homes can you turn it into a sober living community
How do you deal with people who don't pay rent? Isn't it harder to evict them along with a mobile home?
No. Eviction laws are the same for mobile home tenants and sick built home tenants
Most people can't afford to move their mobile home so it's yours for free if left.
Except in a tenant friendly state like California. You can’t just evict without a court order and you can’t just take the home without a separate court order. Texas is awesome. It’s a landlord friendly state and you kick a tenant out in 30 days.
@@froggergypsy4596 if someone is that stuip to get evicted and lose there home then you get there trailer and sell it again more money for you works out in your favor
I've heard you can't insure these.
You can get liability insurance. But replacement value of dirt is probably $0.
Do I have to hire a lawyer for this ?
What happens when tenants stop paying lot rent?
You evict them and take over the mobile home and sell it to another tenant who pays the lot rent.
Lefty
10% cap is WAY too high! Not even possible anymore
What does this mean @jeffsharpton. Would you explain a little? Lower caps means higher value. As inflation and interest rise, so do caps. Help me understand what you mean please?
yep. the dirt is worth more than the trailer.
buying a trailer is a waste of money. very bad investment.
Donna Chance Why?
batterista - you don’t want to own or have any liability of the house. Your phone will not stop ringing and you’ll either be fixing problems yourself or paying out the wazoo having someone else fix it. You want to own the land and lease it out. It’s what McDonald’s does, they don’t own their buildings. That would be insane. Mcdonalds owns the land.
I will not dispute the wisdom for someone who can own the park....however, only an IDIOT would put a mobile home in these parks...after the home is a few yrs old, you are trapped.
Hi ,l invested in mobile home, it was the worst thing I ever did. I paid £38.000 cash. I was evicted 2 seasons later, for trumped up accusations from my neighbours, which the park home owners(PURE LIESURE GROUP). said that l had broken their rules.so they claim my. Licence was REVOKED BY THE COUNCIL ? WITHOUT ANY WRITTEN NOTICE. I was paid£7.000 trade price only at the peak of season. GOOD INVESTMENT?NO...........
Mobile homes depreciate in value and if they are in a park, as you discovered, you have no control. Mobile Home Parks is what this video is all about because they appreciate in value and you have complete control over what happens to them.
@@CommercialPropertyAdvisors 🤔🤔
que hablen en españoltambien
Thank you