To build out the park or Not!

[Allen Martin]

I have 5.5 acres that already host 6 mobile homes on it with room for more lots in the future but I also have the opportunity to get an additional 5.5 acres that conjoin my land the cost still T.B.D 

I want to expand my park to allow for max mobile homes and or 5th wheel/Rv Lots. 

The Positives- Booming area, High rental rates for apt/homes, Fast-growing population, high demand for lots or mobile homes to rent,  Permit free area to expand the park, Perc test is good for a conventional system. 

Current Lot rents for mobile homes are $225 with room to raise.

Rents for monthly 5th wheel  $400-500 a month 

The big-money part of this expansion: 

1.5 acres of trees that need to be cleared

Septic and electric poles will be a big cost. 

I hope this is enough information for you can give an educated answer to my question if not please ask anything that you feel I left out or you need to know. 

[John Garcia]

Very rarely does the "math" work out in terms of building a new park.  Sadly the costs of permitting, digging, infrastructure, etc. are in excess of buying a "used" park.  I have only seen this work when the owner of the park also does all of the work and has a "crew" which is apart of their broader enterprise.  This way you are not incurring external labor costs which are typically half of all the work which will be done.  Good luck!  JG