Buy Or Develop
I am thinking of getting into the mobile business and I can't decide to buy or develop my own park. I am leaning toward developing my own park and I would like for everyone who has done this to give me any advise they can. Please help,
Ken
Building a mobile home park is difficult..Not Impossible but difficult. Iam not sure what your skill level is but definitely not something which a beginner investor would.
You need to know all aspects of developing a mobile home park like installation, water (well or public), electric installation, what your county accepts as a road, etc or find people who know all this and manage them
its not easy to build a mobile home park if you are not much experienced.
if you are up for managing a mobile home park and have the resources and can creatively or conventionally buy one then buying an existing mobile home park would be the way to go.
best wishes
I am thinking of splitting the edge.
What I mean is develope "Clusters".
A Cluster is a group of three to five houses or mobile homes, or factory built homes, or modular homes, or and here it comes ISO Containers welded together to create all steel container homes, extreme modern architecture.
I am investigating in the Far San Fernando Valley the requirements for a "Country Road". That is what does the county require if I install a simple gravel surfaced country road leading off a nice paved street onto about a two acre parcel of land. A roundabout at the end and clustered around that roundabout spot at the end of the road. Three to five houses.
I assume there is electricity at the paved street and that I bring in underground to the cluster. I put in my sewage connections if possible if not I do a septic or cess pool as required.
All the houses have solar panels to help hold the electric bills down. All are the cutting edge of Modernism. The price about $58,000 to $65,000, 1400 sq. ft and 3 br. 2 ba. houses. Of course the land is leased and each house has to pay about $125 a month for land. The house payment for 30 years about $375 and the taxes who knows maybe another $100.
I think it would be fun and should be profitable as I think a profit of about $20,000 to $30,000 per house on www.sale.The land lease should bring in about $30 a month per house profit.
Well what do you think? Will the county of Los Angeles go along with this? they have in the past but we subdivided and this time the land will be leased to the owners of the houses.
Fire away, I would rather be blasted for stupidity here then in the office of the Great County of Los Angeles.
Lucius
Lucius
I've heard powering a whole house(store container) via solar panels and batteries is expensive and not reliable.
You've found a way to do it affordably and reliably?
Mike